IRA Contribution

There still may be time to make an IRA contribution for last year

2022 Tax Return, Federal Taxes, IRA, Modified Adjusted Gross Income (MAGI), Roth IRA, Simplified Employee Pension (SEP), Tax Planning, Traditional IRA / Douglas Freeman

If you’re getting ready to file your 2022 tax return, and your tax bill is higher than you’d like, there may still be an opportunity to lower it. If you’re eligible, you can make a deductible contribution to a traditional IRA right up until this year’s April 18 filing deadline and benefit from the tax […]

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The Ins and Outs of IRAs

Deferred Tax, IRA, Modified Adjusted Gross Income (MAGI), Retirement, Roth IRA / Douglas Freeman

Traditional IRAs and Roth IRAs have been around for decades and the rules surrounding them have changed many times. What hasn’t changed is that they can help you save for retirement on a tax-favored basis. Here’s an overview. Traditional IRAs. You can make an annual deductible contribution to a traditional IRA if: You (and your

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