If you're making the contribution yourself, your tax break typically comes in the form of a tax deduction. You can claim the deduction when you file your federal income tax return for the year you made the contribution. Contributions you make through payroll deductions, or e...
TurboTax Live Full Service - File your taxes as soon as today:TurboTax Full Service experts are available to prepare 2024 tax returns starting January 6, 2025. One-day preparation and filing availability depends on start time, the complexity of your return, is based ...
LISA GREENE-LEWIS: Yes. So your tax rate depends on how long you've held the investment. So if you sell your investment that you've held on to more than a year, you're going to be taxed at, in some cases, it's a lower favorable rate than what you're taxed when ...