IRA & HSA Contribution Deadlines Extended to New Tax Deadline in 2021

I wanted to share a new noteworthy follow-up to the IRS’s 2021 federal tax filing deadline extension to May 17. The IRS has now officially announced that the HSA contribution deadline, the IRA contribution deadlines (both Traditional and Roth), and the deadlines for a few other tax-advantaged accounts (Archer MSAs and Coverdell ESAs) have been moved to the same new extended tax deadline for the 2020 year: May 17, 2021. As a result, you now have an extra month to make contributions for the 2020 year. And, there could be extra incentive to do so this year involving stimulus payments,...

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