Tax Tip #19 My Tax Man Gave to Me…

December-Tax-Tips-19

#19 Do not overlook an IRA if you qualify for one

Compare the Traditional IRA and the Roth IRA, and choose what is best for your situation. A Traditional IRA gives you a current tax deduction for your contribution and tax-deferred growth. A Roth contribution is not tax-deductible, but qualified withdrawals are tax-free.

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Publicado en Tax Planning