IRA Contributions

[GeorgeM]

Can you contribute to an IRA before Ajpril 15, 2014, for tax year  2013, and file the return in 2015.

 

I have looked through jpub 590 and can not find anything about this.

[mrichman333]

I believe it April 15th for the previous year only.  So April 15th for 2014.  There are no catch ups

Page 11 pub 590

 

Contributions must be made by due date. Contributions
can be made to your traditional IRA for a year at any
time during the year or by the due date for filing your return
for that year, not including extensions. For most people,
this means that contributions for 2014 must be made
by April 15, 2015, and contributions for 2015 must be
made by April 15, 2016

Edited March 19, 2015 by mrichman333

[ljwalters]

The simple answer is yes if the contribution was made before April 15 1014 or 2013 tax year.

[mrichman333]

The simple answer is yes if the contribution was made before April 15 1014 or 2013 tax year.

 

Agee.  I miss read the post.  I though she want to make the contribution now.  If she made it before April 15 2014 yes

[Terry D EA]

I agree as well as long as she made the contribution for TY 2013 prior to April 15, 2014

[Cathy]

George,

Just make sure the client can document the contribution was made timely and recorded as a contribution for the 2013 tax year. We all know whose problem it will be if the contribution was't made properly. Make a copy of the documentation for your records. No documentation - no deduction. I become mean this time of year.

[RitaB]

I become mean this time of year.

WORD, Sista.

Especially on prior year returns. I hate backing up the truck in March.