This is a guest post from Kellie Englehardt, she sent me this post yesterday and asked if I accepted guest posts. After reading this and gauging its usefulness for your tax return, I decided to publish immediately.
I sincerely hope at least some of my readers would definitely find it useful. usually I do not post on Thursdays, making an exception today. Enjoy and learn the following.
This year, taxes are due April 17, less than a month away. With the deadline quickly approaching, many people are wondering how they can cut their tax bill. One thing you can do, according to the IRS, is contribute to an IRA. A contribution will not only reduce your taxable income, but it will generate retirement savings as well. It’s a win-win situation.
The great thing about IRAs is that if you contribute before the tax filing deadline, the contribution counts toward your taxes.