Here's how it works: Say you receive a car, RV or boat loan through a credit union with which you also have a credit card. In the fine print of the loan contract, you'll probably see that your credit card balance is secured by the auto, RV or boat.ere's how it works: Say you receive a car, RV or boat loan through a credit union with which you also have a credit card. In the fine print of the loan contract, you'll probably see that your credit card balance is secured by the auto, RV or boat.
If you've made nondeductible contributions to your traditional IRA, you have to use Form 8606 to figure the taxable and nontaxable portion. Otherwise, the entire amount is taxable. In addition, if you take a taxable non-qualified withdrawal, you'll have to figure the 10 percent additional tax with Form 5329.
Can Contribute After Taxes. The deadline for contributing to a Roth IRA is your tax filing deadline, regardless of when you file your income taxes. You must typically file your income taxes by April 15, but some years the deadline is extended if the deadline falls on a weekend or holiday.or example, if you file your tax return after the regular tax filing deadline, even if have an extension, you've missed the deadline to contribute to a Roth IRA. Besides having to be at least 59 1/2 years old, your Roth IRA has to be open for at least five years before you're eligible to take qualified distributions.