Prior year contribution(s) into Acorns Later

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You can make a prior year contribution to their Acorns Later account from January 1 up to April 15th. However, the tax year is recorded when the contribution transactions settle, so your contribution must be created on or before April 11th to count as a prior tax year contribution.

Wait. What’s a prior year contribution?

If you didn't hit the maximum contribution to your IRA for last year, the IRS lets you make a contribution this year (up until the tax deadline) and have it count toward last year’s contribution limit.

To make a prior year contribution, visit the “Later” screen in your mobile app, tap to make a One-Time contribution, and select the tax year you would like your contribution applied to using the “Tax Year” dropdown.

If you have any issues making a prior year contribution, it might be because it's past the tax filing deadline, meaning you can no longer make a prior year contribution under the IRS' rules.

Your tax situation is unique, so you may want to consult a tax advisor or visit with any questions to see if you're eligible for a past-year contribution and how to report it to the IRS. Acorns doesn't provide tax advice, but if you have any questions or concerns about your account, please contact us.


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