2012 IRA

[Sandy Blanton]

Steven Hamilton II This isn't true is it? I know it was until last year? I just got this in a junk email from Equity Trust. Thanks Sir.

>>>>>>If You Didn’t Max Out 2012 Contribution Limits, It’s Not Too Late (It Could Benefit You)
As the 2012 tax filing deadline nears, there are still actions you can take to help cut your tax bill.

You can continue to contribute to your retirement account up until Tax Day and write it under the 2012 contribution year. This can be beneficial because contributions can be tax-deductible.

[Steven Hamilton II]

Will Barnard,

That is not correct.

IRS Publication 590:
Contributions must be made by due date. Contributions can be made to your traditional IRA for a year at any time during the year or by the due date for filing your return for that year, not including extensions. For most people, this means that contributions for 2011 must be made by April 17, 2012, and contributions for 2012 must be made by April 15, 2013.

http://www.irs.gov/publications/p590/ch01.html#en_US_2011_publink1000230424