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Applying tax-saving strategies for high-income earners could help you to owe less to the IRS each year. It’s important to keep in mind, however, that the tax code is always changing.
“For 2023, the contribution limit is $3,650 for individuals and $7,300 for families,” he said. ... 10 Money-Saving Tax Moves You Can Still Make Before 2023 Ends. Show comments. Advertisement.
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Here are seven top tax tips that even last-minute filers can still take advantage of. 1. Contribute to an IRA. Contributing to a traditional IRA is one of the last, best ways that many working ...
The post 5 Tax Strategies for Your Retirement Income appeared first on SmartReads by SmartAsset. But ignoring the tax consequences of your retirement income can take a bite out of your nest egg.
Individuals can contribute up to $3,850, while families can sock away $7,750 (those 55 or older can contribute an extra $1,000). Financial planners love HSAs because they offer amazing tax advantages.
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