There’s Still Time to Make an IRA Contribution!
The July 15th deadline is coming up, but it’s not too late to make an IRA contribution!
Even though tax filing season is well underway, there is still time to make a regular (traditional) IRA contribution for 2019. You have until your tax return due date (not including extensions). For most taxpayers, the contribution deadline is July 15, 2020.
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Making a last-minute contribution to an IRA may help you reduce your tax bill. If you qualify, your traditional IRA contribution may be tax-deductible. Your account can grow tax free, if you choose to make a ROTH IRA contribution instead!
Please feel free to contact us if you are unsure of your eligibility or need guidance on other tax saving opportunities.