The IRS recently announced deadline delays for both 2019 tax filing and tax payment dates. Tax-filers now have until July 15th to file and pay their taxes without accruing penalties or interest. We recommend to any of our clients who are expecting a tax refund to file their return as they normally would, if not sooner, to receive your refund in a timely fashion.
While we know the tax filing and payment dates have been pushed back, it is not clear how the deadline for making IRA contributions will be impacted. It is also not clear how states will react to the changed deadlines or if they will respond with changes of their own.
Be sure to visit our site as we continue to monitor the situation for any new developments. We will update this page as we receive new information.
You may also feel free to give us a call to discuss any questions you have or if you are considering making an IRA contribution for 2019.