Special Trivia Question for 12/23/25:

Although the deadlines referenced above are pretty firm, what makes the tax code so complicated is that there are almost always exceptions to the rule.

What is one situation that permits IRA/HSA contributions to be completed after the hard deadline of April 15th?

A. First year contributions for a new account
B. Contributions for low-income taxpayers
C. Disaster relief
D. Contributions for taxpayers over age 65

The correct answer is disaster relief. This was recently granted by the IRS after the Los Angeles fires.

Answer (A) refers to the first-year exception for retirement accounts, granted by the Secure 2.0 Act. However, it does not apply to IRA’s and HSA’s.
While low-income taxpayers and seniors generally get favorable treatment in the tax code, Answers (B) and (D) are false.