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2020 TRADITIONAL IRA CONTRIBUTION

ALEMAN96
Level 1

CAN AN INDIVIDUAL FILE A TAX RETURN, CLAIM/DEDUCT A TRADITIONAL IRA CONTRIBUTION, AND MAKE THE CONTRIBUTION BEFORE THE APRIL 15TH DEADLINE, BUT AFTER THE RETURN WAS FILED?

 

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2 Comments 2
sjrcpa
Level 15

Yes. They get until May 17 to do it this year.


Ex-AllStar
Just-Lisa-Now-
Level 15
Level 15

Sure, I have people that get their refunds in February and use them to fund the IRA contribution that was included on the return.


♪♫•*¨*•.¸¸♥Lisa♥¸¸.•*¨*•♫♪