2020 IRA Deadlines Are Approaching
Here is what you need to know.
Provided by Stuart Cooper, CRPC®, Michael Chatterton, CRPC® Gerran Batterberry & Michael Pozzi
Update: The IRS extended the federal tax day deadline from April 15, 2021 to May 17, 2021 including filing and payment.1 As a result, the new deadline for 2020 IRA contributions is May 17.
So, write “2021 IRA contribution” or “2020 IRA contribution,” as applicable, in the memo area of your check, plainly and simply. Be sure to write your account number on the check. If you make your contribution electronically, double-check that these details are communicated.
While many of us associate April with taxes, we should also associate December with important IRA deadlines. December 31, 2021 is the deadline to take your Required Minimum Distribution (RMD) from certain individual retirement accounts.
Stuart Cooper, CRPC® may be reached at 847‐672‐1833 or [email protected]
Gerran Batterberry may be reached at 847‐672‐1291 or [email protected]
Michael Pozzi may be reached at 847‐672‐1292 or [email protected]
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