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?

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?

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

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

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.

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.

To be considered a full-time student on your tax return, you must have been enrolled as a full-time student (12+ credits) during some part of each of any 5 calendar months of the year.

For all you Oregon DUCKS contributors, this deduction is for you! If you make a payment for the RIGHT to guy tickets to an athletic event (like donating every year to get better seats to the game) you can deduct 80% of the payment as a charitable contribution.

When filling out a W4, what is the best option for someone who is married, and both spouses work, they own a home, and pay student loans. There isn’t necessarily a “best” option. Claiming exempt means they will not take

When filling out a W4, what is the best option for someone who is married, and both spouses work, they own a home, and pay student loans. There isn’t necessarily a “best” option. Claiming exempt means they will not take