The Mustachian Forum
Welcome,
Guest
. Please
login
or
register
.
Did you miss your
activation email
?
1 Hour
1 Day
1 Week
1 Month
Forever
Login with username, password and session length
News:
Home
Help
Search
Login
Register
The Money Mustache Community
»
Learning, Sharing, and Teaching
»
Taxes
»
want to make traditional IRA contribution for 2015; already filed tax return
« previous
next »
Print
Pages:
1
Author
Topic: want to make traditional IRA contribution for 2015; already filed tax return (Read 1159 times)
Cheddar Bob
5 O'Clock Shadow
Posts: 20
want to make traditional IRA contribution for 2015; already filed tax return
«
on:
April 09, 2016, 07:02:17 PM »
I want to open up a traditional IRA and contribute the max for 2015. I believe I have until April 18 to do so. However, I have already filed my 2015 tax return and received a small refund. I know one of the benefits of contributing is that it counts as a deduction for AGI. Is it possible for me to file an amended 2015 return? I filed online using H&R Block, if that matters.
I already contributed the max to my 401k in 2015. I'm aware that there are potential deduction limits for IRA contributions depending on my AGI, but my AGI is low enough such that I should get the full deduction. IRS table is here:
https://www.irs.gov/Retirement-Plans/2015-IRA-Deduction-Limits-Effect-of-Modified-AGI-on-Deduction-if-You-Are-Covered-by-a-Retirement-Plan-at-Work
Logged
seattlecyclone
Walrus Stache
Posts: 7263
Age: 39
Location: Seattle, WA
Re: want to make traditional IRA contribution for 2015; already filed tax return
«
Reply #1 on:
April 09, 2016, 08:14:21 PM »
Yes, you would need to file an amended return.
Logged
Print
Pages:
1
« previous
next »
The Money Mustache Community
»
Learning, Sharing, and Teaching
»
Taxes
»
want to make traditional IRA contribution for 2015; already filed tax return