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Last Minute Tax Savings Opportunity before April 15th Tax Filing Deadline
Last Minute Tax Savings Opportunity before April 15th Tax Filing Deadline
(1) Although 2023 is already history, you may still have an opportunity to contribute to a Traditional IRA before the April 15, 2024 tax filing deadline and potentially capture tax savings, too.
(2) The IRS has a relatively complex matrix and specific set of criteria depending on your modified adjusted gross income threshold, and whether you or spouse are covered by a qualified retirement plan with your employer.
(3) Please review the following link https://www.irs.gov/retirement-plans/2023-ira-deduction-limits-effect-of-modified-agi-on-deduction-if-you-are-not-covered-by-a-retirement-plan-at-work to evaluate your current situation and determine if you are eligible for a Traditional IRA tax deduction for the 2023 tax year.
(4) If you are seeking trusted financial advice, tax efficient investment solutions, and creative multi-year tax planning strategies, please visit www.lifetimefinancialplanners.com to learn how our clients obtain Financial Peace of Mind, so they can create Memorable Lifetime Experiences.