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The Something Awful Forums > Discussion > Ask/Tell > Business, Finance, and Careers > US Income Tax Thread: Bank error in your favor! GO DIRECTLY TO JAIL.
 
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Zero One
Dec 30, 2004

HAIL TO THE VICTORS!

Centzon Totochtin posted:

So I don't get a tax deduction for it?


You can deduct Traditional IRA contributions depending on your income and if you have a retirement plan at work.

You do not need the 5498 form to file your taxes. No one gets sent them until after the deadline anyway. You just include the amount you contributed on your tax forms. You can also say that you will contribute even if you haven't yet. You can file with the deduction and then make the 2023 contribution later... before the filing deadline.

Zero One fucked around with this message at 16:32 on Mar 8, 2024

* # ¿ Mar 8, 2024 16:25
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The Something Awful Forums > Discussion > Ask/Tell > Business, Finance, and Careers > US Income Tax Thread: Bank error in your favor! GO DIRECTLY TO JAIL.