If you only had an HSA-eligible policy for part of the year, your contributions may be pro-rated based on the number of months you had the eligible policy. Contributing to an HSA can give you a triple tax break: Your contributions are tax deductible, they grow tax-deferred and you...
Traditional IRAs,Roth IRAs, andSEP IRAsare all eligible for contributions for the prior year up through the tax deadline, but there are some things to be aware of: Roth IRA contributions are not tax deductible, so they won’t help if you’re looking for a last-minute tax saving strategy...
Tax Deadline The rules governing the SEP-IRA are similar to the guidelines for other types of IRA accounts, including deductible IRAs and Roth IRAs. This means that you do not have to finalize your SEP-IRA contribution by the end of the calendar year. In fact, you might not have all th...
The holidays are growing near, and I’m trying to be excited for my favorite time of the year in the midst of finals season. I’ve always found the practice of gift-giving fulfilling, especially if it’s something I know my friend or family member will love. However, I have a few l...
The IRA can be an incredible tool for planning a great retirement, but you’ll need to understand the tax implications of your choice in order to get the most out of the program. Each year, you have untilTax Day, usually April 15, to deposit your contributions for the prior year. It’...
If you only had an HSA-eligible policy for part of the year, your contributions may be pro-rated based on the number of months you had the eligible policy. Contributing to an HSA can give you a triple tax break: Your contributions are tax deductible, they grow tax-deferred and you...