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Email Consulting Guidance – 2018 IRA Contribution Deadline April 15 or April 17?

Posted by James M. Carlson
Mar 06 2019

Q-1 In between trying to get my Deficient RM D customers to make their withdrawals and getting my deceased customers taken care of before the close of day Monday, one of my IT techs wants to know the deadline for prior year contributions for 2018 so she can make sure our system is a set for 2019.

Patriots Day is on April 15th, but usually the day after Patriots Day is something also.

A1 For most U.S. taxpayers the tax filing deadline and the IRA contribution deadline for tax year 2018 is Monday April 15, 2019. However for those states which recognize Patriots Day on April 15th, the tax filing deadline will be extended to April17, 2019, due to the fact that the Emancipation Day holiday is observed on Apri 16th.

Patriots’ Day is April 15th and the “standard” federal tax filing deadline is also April 15th.

For reasons discussed below, I believe the tax filing deadline for a Massachusetts resident is Wednesday

April 17th, 2019. The Patriots’ Day holiday rule changes the tax filing deadline to April 16th and the Emancipation Day holiday rule changes the deadline to April 17th.

Code section 7503 provides that a tax deadline is extended until the following business day if the original tax deadline falls on a Saturday, Sunday, or legal holiday.

A legal holiday includes a legal holiday observed in Washington. D.C.

Emancipation Day in 2019 is Tuesday April 16, 2019 It is a legal holiday in the District of Columbia. It is observed on the 16th when the 16th falls on a weekday. It is observed on the 15th (preceding Friday) if the 16th falls on a Saturday and it is observed on the following Monday (17th) if the 16th falls on Sunday.

I have read that Connecticut, Florida and one other state may also now observe the Patriots’ day holiday. I need to do some additional research for these non-Massachusetts states.

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