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Bookmark This Tax Filing Info, Ellevest Members

By Ellevest Team

It’s tax season, the most wonderful time of the year … for someone, we’re assuming. For the rest of us, it’s the season of gathering records, filing documents, and hoping for a refund. The good news: If you invest online with Ellevest, we’ve got your tax questions covered — plus a handy timeline of the tax deadlines and documents you’ll need for the 2021 filing year.

Bookmark This Tax Filing Info, Ellevest Clients

2021 IRA Contribution Timeline

You can keep contributing to your IRA for the 2021 tax year through April 18, 2022. You still have time to max it out, or just keep putting in.

The Ellevest contribution deadline is April 10. That little buffer helps us make sure we can process your deposit in time. You’ll need to have an open account and an active bank link to make a contribution to your IRA.

For 2021, you can contribute a maximum $6,000 if you’re under 50, and $7,000 if you’re over 50. If you have more than one IRA, that is the limit across all of them — both traditional and Roth IRAs.

If you’d like to know more about that, we’ve got you covered. Check out our Retirement IRS Limit Cheat Sheet.

2021 Tax Document and Filing Timeline

Every year, Ellevest and Folio (your account’s broker-dealer and custodian) provide all Ellevest clients with the tax documents you’ll need in order to tell the IRS about your investment account(s) when you file your taxes.

We’ll send you an email every time a new 2021 tax document becomes available in your account. After you get the email, you'll be able to find the document by logging in to your account on desktop, clicking on “Hi, [your name]” in the top right-hand corner of your dashboard, and then selecting “Documents” from the dropdown menu. From the mobile app, you can tap the User tab at the bottom of the screen, then “Documents.”

January 31: Form 1099-R will be available.
This form lets you list any distributions (aka withdrawals) you took from your IRAs in 2021.

February 28: First day most Ellevest clients can file taxes.
You’ll receive a 1099 form if you sold securities, or if your dividends or interest were greater than $10. You’ll receive an 8949 form if there were any securities sold in your taxable account — this form lets you list capital gains and / or losses.

April 10: Ellevest’s IRA contribution deadline.
To make a 2021 contribution to your Ellevest IRA account, you’ll need to have an active bank link, no restrictions on your account, and a deposit set up by this day.

April 18: IRS tax filing deadline for 2021.
The normal “file-your-taxes-by-today” day. It falls on a Monday this year, btw. (It’s usually the 15th, but this year that’s Good Friday, which is a bank holiday.)

May 31: Form 5498 will be available.
This form lets you list your total contributions to your IRA in a given tax year. It’s not required for tax reporting.

October 15: IRS extension tax filing deadline for 2021.
Just FYI.

Once you file your taxes, remember that you can use your refund to get started on your money goals — we’ve got three ideas to help you do it.


Disclosures

© 2022 Ellevest, Inc. All Rights Reserved.

The information provided should not be relied upon as investment advice or recommendations, does not constitute a solicitation to buy or sell securities and should not be considered specific legal, investment or tax advice.

The information provided does not take into account the specific objectives, financial situation or particular needs of any specific person.

Diversification does not ensure a profit or protect against a loss in a declining market. There is no guarantee that any particular asset allocation or mix of funds will meet your investment objectives or provide you with a given level of income.

Investing entails risk including the possible loss of principal and there is no assurance that the investment will provide positive performance over any period of time.

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Ellevest Team

The Ellevest team is working to help women reach their financial and professional goals.