Inman Financial

Tax and Contribution Deadlines

  • It’s tax season again!
  • Deadlines for tax filing
  • Deadlines for account contributions
  • Chart showing how the recent stimulus package is allocated

When is that due?

It’s tax season again! Below, we’ve listed the key deadlines for tax filing and account contributions. We’ve also included an interesting chart that breaks down how the recent stimulus package is allocated.

Let us know if we can help in any way with the information below.

Thank you for the privilege of partnering with you,

The IFS Team

Key Tax Filing Dates

  • April 15 – Deadline for filing 2020 tax returns.
  • October 15 – Deadline to file for those requesting an extension on their 2020 tax returns

Account Contribution Deadlines for 2020

IRA/Roth IRA – April 15th

  • $6,000 per taxpayer
  • $7,000 for taxpayers age 50 and over

 

SEP IRA – April 15th or October 15th for extensions

  • 25% of compensation up to $57,000

 

Oregon College Savings 529 – April 15th

  • state income tax credit up to $300 for joint filers and up to $150 for single filers
  • The contribution needed to maximize the tax credit depends on the AGI of the contributor

What's In The $1.9 Trillion Stimulus Package?

President Biden’s $1.9 trillion stimulus package cleared its final hurdle in Congress. Click below to see the breakdown.

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