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.

No comments:

China - Integrated 'Join in Card' launched for expats

China recently issued its first integrated foreigner's work permit and social security card to provide more convenience for foreigners l...