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Traditional IRA’s vs. Roth IRA’s

One difference between the two IRA’s has to do with deductions. Traditional IRA – If you contribute $5,000 this year, you can deduct that from you taxable income.

Traditional IRA Contribution Limits

The amount you can contribute to your Traditional IRA is the lesser of Single Filers

Traditional IRA Contributions

Did you know that an amount that you contribute to your traditional IRA between January 1st and April 15 can be claimed in the prior year or the current year?