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2019 IRA Contribution Due

April 15, 2020

IRA contribution and corrective distribution for 2019 are eligible for automatic postponement to July 15, 2020, pursuant to Notice 2020-18 and Notice 2020-23.  Please refer to our newsletters “US Expatriate’s Perspective on Pandemic Relief” and “IRS Expands Automatic Postponement of Due Dates” for more details.

Taxpayers eligible for IRA contribution have until April 15 to make a contribution for 2019.  Excess IRA contributions for 2019, on the other hand, should be withdrawn with related earnings by the due date of your return, including extensions, to avoid the excess contribution penalty.

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April 15, 2020
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