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Important Tax Filing Deadlines and Tips

January 30, 2014

Tax Deadline ClockThis time of year we like to send a reminder to make sure everyone knows how much they can contribute to their IRAs and HSAs and when to do it before it is too late! 

 

2013 Roth and Traditional IRA contributions:

Deadline for contributions for the 2013 tax year is Tuesday, April 15th, 2014.

-Age 49 and under, 100% of compensation up to $5,500

-Age 50 and older, additional $1,000.

Make your contributions now to start tax-free compounding as quickly as possible.

2013 SEP IRA contributions:

Deadline for contributions for the 2013 tax year is Tuesday, April 15th, 2014, however if you get a filing extension to October 15th, 2014, you can wait until then.

-Contribute as much as 25% of your net earnings from self-employment, up to $51,000.

2013 Health Savings Account (HSA) contribution limits:

Deadline for contributions for the 2013 tax year is Tuesday, April 15th, 2014.

Single:

-Age 54 and under, $3,250

-Age 55 and older, additional $1,000

Family:

-Age 54 and under, $6,450

-Age 55 and older, additional $1,000

These contributions are 100% tax deductible from gross income.