Most of the time an expense that may be tax deductible needs to be paid by the end of the year for which the expense will be claimed. However, there is an exception to that rule. IRA contributions for the prior year can be made after the close of the year if made by the return’s original filing due date for the year.
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Video Tips: There’s still Time to Contribute to Your IRA for the Year of 2022
3/17/23 Financial Planning, Tax