Tax Deadlines
These are the key tax deadlines that
calendar year taxpayers must keep in mind when doing their
year-end tax planning. When investing, either in an IRA account
or in a taxable account, it is important to pay attention to
different tax deadlines. Getting into trouble with the IRS or
getting slammed with tax bills because of your investments is
not something any investors would want to do.
| Last day to ... |
| Double up to avoid the "wash sale" rule |
November 30 |
| Sell stock or listed option* to realize a gain
or loss |
December 31 |
| Buy in to close a short position in stock at a
gain (regular way settlement) |
December 31 |
| Buy in to close a short position in stock at a
loss (regular way settlement) |
December 28 |
| Buy in to close a short position in listed
options at a gain |
December 31 |
| Buy in to close a short position* in listed
options at a loss |
December 30 |
IRA tax deadlines
| Last day to ... |
| Establish a new qualified retirement plan
(calendar year taxpayer) |
December 31 |
| Contribute to an existing retirement plan
(incorporated business,calendar year) |
March 15* |
| Contribute to an existing retirement plan
(partnership or self-employed person) |
April 15* |
| Establish and/or contribute to a Traditional
IRA or Roth IRA |
April 15** |
| Establish and/or fund a SEP IRA (incorporated
business) calendar year |
March 15* |
| Establish and/or fund a SEP IRA (partnership or
self-employed person) |
April 15* |
| Establish a new SIMPLE IRA |
October 1 |
| Make employee salary reduction contributions to
a SIMPLE IRA |
January 31 |
| Make employer matching contributions to a
SIMPLE IRA (incorporated business, calendar
year) |
March 15* |
| Make employer matching contributions to a
SIMPLE IRA (partnership or self-employed
person) |
April 15* |
*If an extension to file an income tax
return is obtained, the "last day to" becomes the extended due
date to file the return.
**Extensions do not create additional time
to establish and/or contribute to Traditional or Roth IRA.
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