Make a nondeductible IRA contribution. You can put $2,000 into a traditional IRA for yourself and, if you're married, do the same for your spouse. Or, if your income falls below the appropriate threshold ($150,000 for married couples filing jointly, $95,000 for single filers), you ca...
The contribution limit for FSAs is $2,500, but the IRS changed the "use it or lose it" rule last year, allowing account holders to carry over up to $500 of unused money in their account toward future years. In prior years, you would lose any money in the account not used by Dec....
A traditional IRA can be funded with before-tax dollars (thereby reducing the money you have to pay income tax on for 2024). But a Roth IRA is funded with after-tax dollars — so you won’t get a tax break for 2024 per se, but your contribution will grow tax-free and may be with...