The IRS has announced that the “Tax Day Delay” from April 15, 2021 to May 17, 2021 is now official. This official Tax Day Delay applies to everyone. You do not need to file for an extension to take advantage of this new deadline.
First, the IRS will continue to allow contributions to your Catholic United IRA for the year 2020 until May 17. If you have not yet maxed out your 2020 IRA contributions, you still have time to add to your IRA until May 17, 2021. Catholic United is also accepting contributions for the 2021 tax year until April 15, 2022.
Second, the deadline to file Form 5498 IRA Contribution Information has been extended to June 20, 2021. Due to this change, Catholic United will mail your Form 5498 to you in June instead of May this year.
As always, your local Catholic United Sales Representative is available to answer your questions about this and other Catholic United policies and services. Members can login to find the contact information for their local rep, or find a directory by last name or zip code by clicking here.
Catholic United does not provide tax or legal advice. Any information provided herein is publicly available through www.IRS.gov or local state government web sites. You may wish to consult your personal tax or legal advisor with questions about your specific situation.