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Contributions to Roth for 2014
Posted on 2/2/15 at 9:43 am
Posted on 2/2/15 at 9:43 am
I have a substantial windfall coming my way in about 2 weeks. I started a Roth last week for myself and my wife. I know the rules states you have until 4/15 to contribute to the previous year but since the account was created in 2015 does that apply? Thanks.
3
Posted on 2/2/15 at 10:35 am to lsufan1971
You can still contribute to 2014
This post was edited on 2/2/15 at 10:36 am
Posted on 2/2/15 at 10:36 am to lsufan1971
Pretty sure that doesn't matter.
I started mine in early 2011 and contributed to 2010 still.
I started mine in early 2011 and contributed to 2010 still.
Posted on 2/4/15 at 8:00 pm to lsufan1971
Yes, no problem - doesn't matter when it was opened.
You have until April 15th 2015 to claim it against your 2014 taxes, limited to $5,500 total per year or if you are 50 or older, $6,500.
You have until April 15th 2015 to claim it against your 2014 taxes, limited to $5,500 total per year or if you are 50 or older, $6,500.
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