Traditional IRA Tax Deductions
In this video, I talk about the traditional IRA tax deductions. The traditional IRA can lower your taxable income. It’s also a great way to save for retirement.
The traditional IRA can lower your taxes and increase your tax refund. The IRS reported lower tax refunds for 2018 and using a traditional IRA can lower your taxable income and boost your tax refund.
If you also use a 401k you can lower your taxable income and if you earn too much you could lower your taxable income to qualify for a traditional IRA.
There are income limits that you need to know.
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TRAVIS T SICKLE, CFP®, EA®, AAMS®, CRPC®, RICP®
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