A taxpayer obtains an extension of time to file her 2012 tax return, but she actually files on April 14, 2013, before the filing deadline. What is the deadline for making a 2012 IRA contribution?
a. Incorrect. The IRA contribution need not be made by the end of the year to which the contribution relates, such as December 31, 2013, for a 2013 contribution.
b. Incorrect. The contribution does not have to be made by the date that the return is actually filed (April 14, 2013, in this case).
c. Correct. The deadline for making a 2013 IRA contribution is April 16, 2013. This deadline can be used even if the return has already been filed; a deduction can be claimed on the return before the contribution is actually made.
d. Incorrect. The deadline for making an IRA contribution is not extended to the extended due date of the 2012 return (October 15, 2013).