What is the contribution deadline for Tax Year 2023?
Traditional IRA and Roth IRA contributions received between January 1 and the tax filing deadline may be attributed to tax year 2022. Written instructions indicating attribution to the previous tax year must accompany the contribution, or else the contribution will be attributed to the current tax year. The federal tax filing deadline for Tax Year 2022is April 18, 2023.
IRA checks that are received after April 18, 2023, but on or before May 18, 2023, must be accompanied with proof that the check was post-marked by the advisor on or before April 18, 2023. If the additional contribution is received by an advisor and is postmarked on or before April 18, 2023, he/she must forward that payment to Prudential Annuities by May 18, 2023, with proof of postmark (for example, copies of the client's postmarked envelope or overnight package).
All Tax Year Contributions received after April 18, 2023will be coded with the 2023Tax Year.
New contracts must be issued (funded and active) on or before April 18, 2023for a contribution to be attributed to the 2022tax year, even if a contribution is made with accompanying attribution instructions prior to the tax filing deadline. A postmark of May 18, 2023will not be acceptable for a 2022contribution on new contracts.
All SEP IRA contributions are coded for the current calendar year, no exceptions.
