March 30, 2022
Retirement Contribution Deadlines
April 1, 2022 is the last day for taxpayers who turned 72 in 2021 to begin taking required minimum distributions (RMD) from a retirement account or plan. RMD rules apply to traditional SEP and SIMPLE IRAs, 401(k), 403(b) and 457(b) but not Roth IRA and only after you stopped working.
April 18, 2022 is the deadline for making 2021 contributions to an individual retirement account. Contribution amounts are $6,000 and $7,000 for those over 50.
For those in low-income brackets, a “Saver’s Credit” is available.
