An individual retirement account (IRA) is a type of savings account that gives people tax breaks for investing money for retirement. Because of those tax incentives, more of the money you save ends up in your pocket. It’s never too early (or too late) to plan your retirement, so here is the rundown on IRAs, why you need one, and how to get started.
Tax season is finally here! While some people scramble at the last minute to meet the April 17th deadline, it’s important to organize all necessary documents and file your taxes in advance, avoiding the chance of forgetting to include tax deductions that would have lowered your bill or increased your refund. Here are some surprising tax deductions you won’t want to overlook.