Want to save money on your 2022 taxes? It’s not too late!
You can contribute to a Traditional IRA. Between January 1, 2023 and April 18, 2023 any Traditional IRA contribution can be assigned to either 2022 or 2023. This means it may change last year’s taxes. Contribution limits are $6,000 per year, or $7,000 if you are over 50. Just how much they can help your tax situation depends on several factors including income level and whether you (or your spouse) are covered by a retirement plan at work.
If you have questions or would like to talk more about taxes and your specific situation, message me for a consultation. #theheartcenteredaccountant #moneymonday #taxes