Do you currently have an IRA? Are you looking to open one? If so, you will want to get the facts and be
mindful about when and how much you can contribute and convert throughout the year. Contribution and
conversion timing will affect your taxes and which year you pay taxes
on your IRAs.
We’ve made it easy for you to find all of this information in one place, and now we’re making it even
easier for you to remember the key contribution and conversion dates with our automated
e-mail reminders.
Contribution Limits
This is the maximum dollar amount you can contribute to your IRA in a given year. (If you are 50
and over you can contribute an additional $1.000 to your IRA.)
If age 50+ by 12/31/2009
Add $1,000 (catch-up contribution)
Important Dates
December 31, 2009
Last day to convert a Traditional IRA to a Roth IRA for 2009. Last day to take money
from a Traditional IRA to fund a Roth IRA for 2009. Last day for 2009 to receive a
Required Minimum Distribution from your Traditional IRA, for IRA owners who have reached
age 70 ½ or older. Last day for 2009 for designated beneficiaries of a deceased owner's
IRA to receive a Required Minimum Distribution.
January 1, 2010
First day to contribute money to your Traditional / Roth IRA for 2010.
April 1, 2010
Last day for Traditional IRA owners who reached age 70½ during 2009 to choose to receive
first Required Minimum Distribution.
April 15, 2010
IRA Contribution Deadline: All IRA contributions must be made by this date in order for
those contributions to be reflected on your 2009 taxes.
September 30, 2010
Last day to designate beneficiaries of an IRA if the owner passed away in 2009. (Beneficiaries
can be removed either by valid disclaimer or by receiving a full distribution of their
inherited funds cannot be added).
December 31, 2010
Last day to convert a Traditional IRA to a Roth IRA for 2010 and still receive the special
tax option whereby IRA owners and plan participants will have the option of including the
taxable conversion amount in income ratably over two years (2011 and 2012).
Last day to take money from a Traditional IRA to fund a Roth IRA for 2010.
Last day for 2010 to receive a Required Minimum Distribution from your Traditional IRA. (For
IRA owners who have reached age 70½ or older.) Last day for 2010 for designated beneficiaries
of a deceased owner's IRA to receive a Required Minimum Distribution.
October 15, 2011
Last day to re-characterize your Roth IRA conversion
For more information, visit www.irs.gov.
