Jim lives in California. What is Jim's deadline for making a contribution to traditional IRA or a Roth IRA for 2016?

Question

Quizplus · Accepted Answer

The deadline for making a contribution to a traditional IRA or a Roth IRA for tax year 2016 is April 17, 2017, instead of the usual April 15 deadline. This is because April 15 falls on a weekend, and the following Monday, April 17, is a legal holiday in Washington D.C. (Emancipation Day), which pushes the deadline to the next business day. Therefore, Jim's deadline is April 17, 2017.

Jim Lives in California