18 June 2022 4:10

Designating a Roth contribution to the 2010 tax year: How does it work?

What was the Roth contribution limit for 2010?

$5,000

In 2010, workers and their non-working spouses can each contribute up to $5,000 to a traditional IRA or a Roth IRA ($6,000 if you’re 50 or older).

What is the deadline for Roth IRA contributions?

April 15th

The deadline for 2021 tax year contributions to a Traditional or Roth IRA is April 15th. You can file a tax extension (making the extension deadline October 15), if needed. However, filing an extension on your taxes does not extend the contribution deadline— this extension applies to the filing of tax paperwork only.

How late can I contribute to my Roth IRA?

April 15

As a general rule, you have until tax day to make IRA contributions for the prior year. In 2022, that means you can contribute toward your 2021 tax year limit of $6,000 until April 15. And as of Jan. 1, 2022, you can also make contributions toward your 2022 tax year limit until tax day in 2023.