Tag Archives: Form 8880

So you chose an individual retirement arrangement (IRA) to save for your future. This choice can be beneficial at tax time, as contributions to a traditional IRA may be deductible at tax time. There are several different types of IRA plans, including a traditional and Roth IRA, and are set up through a financial institution, […]

Planning for the future can be a good investment, whether you decide to build a savings fund through an IRA or 401(k) plan, there is a chance that you may qualify for tax credits. For tax payers with qualifying savings plans you may be eligible for The Savers Credit, which can help reduce your tax […]

At tax time, you may find yourself considering the affect your IRA contributions may have on your taxes. If you’re planning to fund your retirement through the savings you’ve contributed to an IRA, you should be aware of what will be expected each tax season. Traditional IRAs require the contributor to be under the age […]