A Dumb Question that Needs Answering

[Anonymous No.1034141]

Wait a second.
You have until April 15 of the new year to contribute to a traditional IRA for the previous year.
But you can contribute for the new year as early as the first of January??

So you make a contribution on the first of $5500 for 2016
But then you can make a contribution of $5500 in April for 2015??

How does that work on your deductions? Do you just file for $5500 for 2015 and then $5500 for 2016?

[Anonymous No.1034163]

>>1034141
I can't speak 100% abou the USA but it's a retirement account so it should work the same as Canadian RRSP.
basically up until April (or February 29th in Canada) any contribution can either go to the same year or the yesr before, you get to choose to which year this is going.

[Anonymous No.1034249]

>>1034163
I don't think you can specify stuff like that with an IRA up front, you just deposit money to it

[Anonymous No.1034310]

fucking bump this can't possibly be a difficult question, it's only difficult to ask to google

[iHaz !MILLiOnz/Q No.1034316]

>>1034141
>Do you just file for $5500 for 2015 and then $5500 for 2016?
Yes. It's really not that complicated.

[Anonymous No.1034322]

>>1034316
thanks again bogle sama