Sec. 131202. Deadline to fund IRA with tax refund
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/bill/117/hr/5376/rh/section-131202·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
IRA with tax refund Section 219(f)(3) is amended— by striking is made not later than and inserting is made— not later than , by striking the period at the end and inserting , or , and by adding at the end the following new clause: by direct deposit by the Secretary pursuant to an election on the return for such taxable year to contribute all or a portion of any amount owed to the taxpayer to an individual retirement account of the taxpayer, but only if the return is filed not later than the date described in clause (i). . The amendments made by this section shall apply to taxable years beginning after December 31, 2022.