“If it weren’t for the last minute, nothing would get done.”
The last-minute tax hack that most people miss is the Spousal IRA.
The Spousal IRA allows a non-working spouse to contribute to an IRA.
He or she can contribute to either a Traditional IRA or a ROTH IRA (provided the couple is below the income limit).
Ask your CPA. You may be able to get this extra tax deduction (Traditional IRA) or boost potential tax-free growth in a Roth IRA.
We send out friendly email reminders to our clients to fund these accounts.
Also, don’t forget to fund your Health Savings Accounts! 🙂
News from around the office…we are updating our Riverbend brand. We had a video crew in the office this week. We had video interviews with all employees and some clients. You should see some changes in the coming months.
Check out our new YouTube video on reducing taxes and increasing income.
