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How IRA tax break works.

How IRA tax break works.

IRA Deduction Tips: U.S. Savings Bonds are a conservative investment that you can purchase easily. You can buy EE and I bonds at www.treasurydirect.gov. Paper bonds are no longer issued, but you can always visit your account on the treasurydirect.gov website to view your holdings and complete transactions. You can also calculate the current value of your bonds on this site.

Today we’re looking at the IRA tax deduction and how it works. Unlike the 401k contributions, the Traditional IRA contribution needs to be reported on your tax return in order to get the deduction.

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Written by Bobby

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