We can make contributions in our IRA accounts for 2011 all the way up to the tax filing deadline of 2012. This helps in a couple ways. First this means not all tax planning needs to be done before the end of the year. Those of us just starting to save can get a jump start because of this rule too. Basically this will allow contributions to IRA accounts for both 2011 and 2012 to be made simultaneously between January and the middle of April every year giving a boost to account balances for new savers. Finwiz.
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