Only 25% Of Americans Know This Simple Tax-Savings Trick


MoneyTips

You’ve completed your 2018 tax return, and you don’t like the results. How did you end up owing so much money? There’s nothing you can do about it now … or is there?

While the 2017 Tax Cuts and Jobs Act (TCJA) made sweeping changes to the tax laws, it didn’t offer any retroactive means of affecting your taxes – but the TCJA did leave a tax adjustment method related to retirement accounts untouched.

If you have an IRA, you may be able to make a contribution to that IRA and still count that contribution against your 2018 taxes. You have until the tax-filing deadline (April 15, 2019) to make any remaining contributions up to the 2018 annual limit of $5,500 ($6,500 if you are age fifty or above).

Don’t feel bad if you didn’t understand the IRA rules. According to a recent <a href="https://www.cnbc.com/2019/03/05/you-can-contribute-to-an-ira-to-reduce-your-taxable-income.html" r…

Student Grants Help – Avoid Student loans through grant money.