Tuesday, March 30, 2021

DEADLINE FOR MAKING 2020 IRA CONTRIBUTIONS EXTENDED TO MAY 17

The IRS has clarified the recent extension of the filing, and paying, deadline from April 15 to May 17.

In “IRS extends additional tax deadlines for individuals to May 17”, which explains IRS Notice 2021-21, we are told -

In extending the deadline to file Form 1040 series returns to May 17, the IRS is automatically postponing to the same date the time for individuals to make 2020 contributions to their individual retirement arrangements (IRAs and Roth IRAs), health savings accounts (HSAs), Archer Medical Savings Accounts (Archer MSAs), and Coverdell education savings accounts (Coverdell ESAs).

TTFN









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