February 07th, 2016

TAX TIP OF THE DAY...  IRA deduction by April 18th?

Consider making a deductible IRA contribution by April 18th.  It might be just what you need to:
1) pull you down into a lower tax bracket
2) allow more Obamacare premium tax credit
3) allow more child tax credit
4) allow more earned income credit
5) decrease taxation of social security benefits 
6) allow the retirement savers credit.

Discuss qualifications, details and potential results with your tax preparer.              
SHARE WITH A FRIEND. 
If you need a tax appointment... www.baboiancpa.com