Friday, March 12, 2021

US - Get credit for IRA contributions made by April 15 on 2020 tax returns

The Internal Revenue Service notes that taxpayers of all ages may be able to claim a deduction on their 2020 tax return for contributions to their Individual Retirement Arrangement (IRA) made through April 15, 2021. There is no longer a maximum age for making IRA contributions.

An IRA is designed to enable employees and the self-employed to save for retirement. Most taxpayers who work are eligible to start a traditional or Roth IRA or add money to an existing account.
at

No comments:

Post a Comment

Subscribe to: Post Comments (Atom)

USA: President Donald J. Trump Restricts the Entry of Foreign Nationals to Protect the United States from Foreign Terrorists and Other National Security and Public Safety Threats

President Donald J. Trump signed a Proclamation to protect the nation from foreign terrorist and other national security and public safety t...