Author Topic: Making a traditional IRA contribution after filing taxes?  (Read 1117 times)

Ricky

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Making a traditional IRA contribution after filing taxes?
« on: March 03, 2015, 07:30:58 AM »
I filed my taxes last month. I know I can still contribute to an IRA until the tax deadline. The question is, if I contribute, can I claim 2014/2015 contributions together on next years tax forms? Or would I have to amend my return if I wanted to claim contributions up until April 15th?

I don't have a retirement plan at work so it would be fully deductible.

MustachianWays

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Re: Making a traditional IRA contribution after filing taxes?
« Reply #1 on: March 03, 2015, 07:55:00 AM »
You would need to file a 1040X to amend your filed return. I did it last year but it was because I recharacterized a Roth contribution as traditional. I think the deadline to file an amended return is October. Just know that your refund will take quite a while to show up. Took about 3 months for me.