Taxes

IRA Deductibility and the TCJA – Status Quo

As April 15, tax day, looms, many individuals rush to squeak in an IRA contribution for the 2018 tax year…. One question that looms large this year, however, is whether changes to the tax code, which are expected to lead to many fewer taxpayers claiming itemized deductions versus claiming the standard deduction starting in 2018, affect the deductibility of those IRA contributions….

It’s Not All Yours

Many Americans have benefited throughout the years by not having to pay taxes on contributions paid into our traditional 401(k) plans and IRA accounts and on the investment returns on those contributions. Deferring taxes for decades has real value….