With the holidays in the rearview mirror, there’s another, less festive season looming: tax season.
Here are three ways you could still lower your tax bill in 2024.
TAX SOFTWARE DEALS OF THE WEEK
1.
In other words, your deadline for maxing out your 2024 IRA contribution is April 15, 2025.
The table below shows the deductibility rules for 2024 and 2025.
Fund your HSA
Ahealth-savings accountlets you save and invest pre-tax money.
Unused HSA funds roll over from year to year, even if you change jobs or health insurance.
That means you’ll typically pay more out of pocket for many health services before your insurance kicks in.
You don’t need to be a full-time business owner to take advantage, though.
You have until the date you file taxes for your business to open and fund a SEP IRA.
