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April 16, 2020

April 15 Deadline: With Change Comes Opportunity

IRA contributions for 2019 extended to July 15

IRAs play an important role in helping your clients achieve long-term financial goals. With the extension of tax season, this window of opportunity remains open.

On March 18, 2020, in response to the President’s COVID-19 Emergency Declaration, the Department of the Treasury and the Internal Revenue Service issued a Notice extending the normal Federal tax filing deadline from April 15 to July 15.  In addition to extending the Federal filing deadline this notice also allows…

  • Tax deductible IRA contributions for 2019
  • Tax deductible contributions to a Health Savings Account (HSA)
  • Employer business contributions to qualified plans
  • Employer set up and implementation of a Simplified Employee Pension Plan (SEP-IRA)

…up to the July 15 deadline.

Take this opportunity to reach out to your prospects or clients. Here are some tips to help you start the conversation. Learn more about the four most common types of IRAs and the clients they best serve by visiting the link below. 

Visit the IRA Landing Page