Roth IRA contributions
If you did not contribute to a Roth IRA in 2019, but your net income for both that year and 2020 exceeded $6,000, can you write a single $12,000 check before July 15 (the tax filing deadline extended due to the pandemic), with $6,000 allocated to 2019 and $6,000 to 2020? Based on current IRS rules, this article analyzes the feasibility, income eligibility, and contribution limits.
If I did not contribute to a Roth Ira in 2019 but made over 6k net and also will make over 6k net this year could I write a 12k check to put into my Ira this week since taxes got pushed back to July 15th? This way half would be for 2019 and half for 2020.