When Is the 2010 IRA Contribution Deadline?

If you have a Roth or traditional IRA, then you will need to make your contributions before a certain period called the IRA contribution deadline. If you are under the age of 50, you are only allowed to add $5,000 a year. If you miss the deadline, then you will not be able to make up the balance the following year. It is important that you make the payments on the right day.

Changes in the Contribution Deadline

Before 2010, you were able to make contributions into your IRA account up to the end of the financial year. This deadline has been observed for many years. The new IRA contribution deadline falls on April the 15th. This is the final cut-off date for your 2010 payments into your IRA. Any payments after this date will become part of your 2011 period. Be careful to note the correct amount of contributions because they can affect how much you are allowed to put into your IRA account for that year. Following the IRS procedure carefully will make sure that you properly maintain your IRA account.

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