Disaster Relief Tax/IRA Contribution Extensions

For taxpayers who are eligible for IRS tax filing extensions due to disaster relief designated by the Federal Emergency Management Agency, a letter of instruction must be submitted when submitting a 2022 IRA contribution after April 18, 2023.¹ If the letter does not state that the client is eligible for the extension due to disaster relief, Athene will treat all IRA contributions received after April 18, 2023 as 2023 contributions.²

To find out more about tax relief for taxpayers affected by disaster situations, visit the IRS website: https://www.irs.gov/newsroom/tax-relief-in-disaster-situations.

¹ For SEP IRAs, the tax filing deadline is October 15, 2023.
² Athene will treat all SEP IRA contributions received through October 15, 2023 as 2022 contributions unless noted otherwise on the check.