Looking to build up your nest egg by contributing to an IRA? Well, if you're looking to make a prior year contribution then, much like a long options position, time is not on your side with looming deadlines.
Due to the IRS Tax Filing deadline date change for 2020, Prior Year Contribution deadlines have changed this year.
Don't have a tastyworks IRA account? Click here to open an account.
To learn more about the potential tax benefit of a Traditional or Roth IRA, please click here.
Are you not sure how much you can contribute? To learn more, please click here.
Or, did you forget how much you have already contributed? Click here to learn how much you've contributed.
Prior Year (2019) Contribution Deadlines
Must initiate a deposit before 2:00 p.m. central (Chicago time) on July 15th, 2020. Please keep in mind that an ACH relationship must already be established in order to initiate a deposit. New ACH bank relationships via micro-deposit verification can take 3-5 business days to establish.
Must be received by our clearing firm by close of business on July 15th, 2020. Please email completed IRA deposit slip(s) to firstname.lastname@example.org or by fax to 312-724-7364 when contributing via wire transfer.
The check must be postmarked on or before July 15, 2020. Please include your tastyworks IRA account number on the memo line. Include your IRA deposit slip when sending physical checks.
The IRA Deposit Slip can be found on our Forms & Agreements page.
How do I select my contribution year?
Use the Deposit Type dropdown menu
When depositing via ACH, you may select your Contribution year using the Deposit Type dropdown menu in Section 4 of the Deposits Page.
To ensure a timely contribution, please make your IRA account has an already-established ACH relationship. ACH relationships can be made using our instant bank linking system if your bank is listed. If your bank is not listed then you can manually input your banking information. To learn more about funding via ACH, please click here.
Lastly, if you want to contribute to your IRA with an existing, non-ira trading account, such as an individual account, then please click here.
Attention SEP IRA Customers
Unlike a Traditional IRA or a Roth IRA, contributions to a SEP IRA are determined by the year the contribution is made. As a result, contributions to SEP-IRA cannot be re-coded due to IRS rules. Please refer to the Reporting Requirements section of the IRS SEP Plan FAQ page.