Reminder: 2019 Contribution Deadlines

General guidelines for contribution deadlines for the 2019 tax year are listed below – you should check with your tax preparer before making a contribution.

To  make a contribution to your IRA, contact Liz Dickinson at (828) 398-2802 or liz.dickinson@lpl.com.

  • Traditional/Roth IRA: The deadline for IRA contributions for the 2019 tax year is April 15, 2020. Taxpayers who file for extensions have until that date to file their taxes but Traditional IRA, ROTH IRA and Coverdell ESA contributions have to be made by the tax filing deadline; no exceptions.
  • SIMPLE IRA: Employers must deposit employees’ salary reduction contributions to the SIMPLE IRA within 30 days after the end of the month in which the employee would have received them in cash. They must make matching contributions or nonelective contributions by the due date (including extensions) of their federal income tax return for the year. More information at: https://www.irs.gov/retirement-plans/plan-participant-employee/retirement-topics-simple-ira-contribution-limits
  • SEP IRA: Employers must deposit the contribution by the due date (including extensions) for filing federal income tax return for the year. More information at:  https://www.irs.gov/retirement-plans/retirement-plans-faqs-regarding-seps-contributions

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