Archive for IRA
Last Minute Tax Tip – Make Your 2008 IRA Contribution Now
Posted by: | CommentsOk, everyone and their dog tells people to make their 2008 IRA contribution now in order to reduce their 2008 income taxes. But, there is good reason for that. If you qualify for a deductible contribution to a traditional IRA either by meeting the income limits, or because you don’t have a retirement plan provided for you at work, then it can give you a much lower tax bill and you get to keep... Read more→
How to Get a Bonus On Your Tax Rebate!
Posted by: | CommentsOk, it’s official. Pretty much everyone in America is getting a [tag]tax rebate[/tag] this summer. The IRS says they’ll start mailing checks in May. So how would you like to get a nice tax-free bonus on your tax rebate? Here’s how. Your tax-rebate is part of the [tag]economic stimulus[/tag] package recently passed by Congress and signed by the President. You will get up to $600... Read more→
Put Your Tax Rebate In an IRA or 529 Plan – GENIUS!
Posted by: | CommentsA client asked me what they should do with their [tag]economic stimulus[/tag] [tag]tax rebate[/tag] they will get later this year. (So will you!). Usually I tell people to pay down debt if they have any. They don’t have any. They also have already maxed out their [tag]IRA[/tag]s for 2008. But, they have kids! So I told them to put it in their [tag]529 plan[/tag]s. Then, the lights came on and... Read more→
