IRA and HSA Contribution Deadlines for 2019 Extended

In March, the Treasury Department and the Internal Revenue Service (IRS) announced special Federal income tax return filing and payment relief in response to the ongoing COVID-19 emergency. Because the due date for filing Federal income tax returns has been postponed to July 15, the deadline for making contributions to your Individual Retirement Account (IRA) for 2019 is also extended to July 15, 2020. Similarly, under this relief, you may make contributions to your Health Savings Account (HSA) for 2019 at any time up to July 15, 2020. Contributions to a Wisconsin college savings account must be made by April 15, 2020, to qualify for the 2019 Wisconsin income tax return subtraction.

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