Meet Abby!

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Many of you have met our CPA Mascot (Cute Pup Abby) when she graces us with her presence at the office.  But did you know that she’s really good at answering tax and financial questions? Have a burning question and confused by the answers (or lack of) you are getting?  Just ask Abby!  She is standing by waiting for your questions!  Just send her an email at abby@captaxinc.com with the subject line “Dear Abby” and your question may be featured in our next blog post!

 

Dear Abby, IRA Contributions

Dear Abby, can I still make an IRA contribution for 2015?

Signed,
Confused in Cary

 

Dear Confused in Cary, that would be a resounding WOOF, which is Abby-speak for YES!  As long as you meet the eligibility requirements and you are still under the annual contribution limit for your account.  The last day to open a new IRA or contribute to an existing IRA for the 2015 tax year is Monday, April 18, 2016.  When you make your contribution, indicate whether it is for the 2015 or 2016 tax year.  You can find more information on this topic here at the IRS site.  And of course, if you have more questions, you can always contact us at 919-847-4567 or via email