Taxpayer Abroad Extended IRA Contributions

Forum|Forum|1 year ago
April 25, 2025
2 replies
9 views

When a taxpayer abroad receives an automatic two month extension does this also extend the deadline for prior year IRA contributions to June 15th?

Lacerte Tax

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qbteachmt

Level 15

"What is the deadline to make contributions?

Your tax return filing deadline (not including extensions). For example, you can make 2022 IRA contributions until April 18, 2023."

Disaster relief isn't an extension to file. It changes the due date.

Here's an article:

https://www.wolterskluwer.com/en/expert-insights/disaster-tax-relief-effects-on-individual-retirement-accounts

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sjrcpa

Level 15

That wasn't the question. Taxpayers who live and work outside the US have until June 15 to file their tax returns. This is not ~~an extension or~~ disaster relief.

The more I know the more I don’t know.

T

TaxGuyBill

Level 15

No.

IRA contributions are due by "the time prescribed by law for filing the return for such taxable year (not including extensions thereof)".

The June 15th date is considered an "extension" (see ~~§1.6073-4~~ Edit: I think it is now §1.6081-5).

sjrcpa

Level 15

Thanks Bill. Obviously I didn't look it up.

The more I know the more I don’t know.

qbteachmt

Level 15

"Taxpayers who live and work outside the US have until June 15 to file their tax returns"

Yes, I was trying to read between the lines. The way it was written, I thought it was someone who is out of country but their records were impacted by disaster, which is "an automatic" extension.

As usual, details always matter.

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