- Joined
- Jun 10, 2015
- Messages
- 34,540
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- 59
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- Religious Affiliation
- Lutheran
- Political Affiliation
- Conservative
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- Married
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- Yes
For those in the US doing taxes:
Reduce Your 2017 Tax Bill With an IRA Contribution
"There's still time to reduce your 2017 tax bill. You can make a tax-deferred individual retirement account contribution that can be applied to your 2017 tax return any time before April 17, 2018."
"You can plug in an IRA contribution as you are preparing your tax return to see exactly how much your tax bill will decline if you move some money into an IRA. "You can run the numbers there in real time as you are getting your taxes done and see what a difference it will make," says Alison Flores, principal tax research analyst at The Tax Institute at H&R Block. "That may be enough to convince you to go ahead and make that contribution.""
Reduce Your 2017 Tax Bill With an IRA Contribution
"There's still time to reduce your 2017 tax bill. You can make a tax-deferred individual retirement account contribution that can be applied to your 2017 tax return any time before April 17, 2018."
"You can plug in an IRA contribution as you are preparing your tax return to see exactly how much your tax bill will decline if you move some money into an IRA. "You can run the numbers there in real time as you are getting your taxes done and see what a difference it will make," says Alison Flores, principal tax research analyst at The Tax Institute at H&R Block. "That may be enough to convince you to go ahead and make that contribution.""
