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How to Lower Your Taxable Income With Last-Minute IRA Contributions
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How to Lower Your Taxable Income With Last-Minute IRA Contributions
The tax filing deadline is coming up on April 15, but it’s not too late to reduce what you owe on your 2025 federal income tax return. There’s still time to lower your tax bill, or even increase your refund, while contributing to your retirement savings. If you have a traditional individual retirement account, or IRA, you can put money into it for the previous year right up to Tax Day. “This creates an opportunity to lower your tax bill even aft…
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