• It's a Win-Win: You May Save on Taxes While You Save for Retirement

    6 days ago - By Mint

    How's this for a sweet deal: With one move, you may reduce your federal income tax bill and take an important step toward financial security in retirement.
    Those are two potential benefits of making a contribution to a Traditional Individual Retirement Account. Your contribution can help you accumulate money for later in life and you may be eligible to deduct that contribution on your tax return. Here is some basic information on how the tax benefit works and who qualifies for tax years 2017 and 2018.
    The mechanics of a tax deduction
    A tax deduction can reduce the amount of taxable income...
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