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Looking for a Late Tax Deduction?

Source: - Jan 22, 2020

Now that January is solidly underway, many investors are starting to prepare their tax return paperwork. At the very least, many are reviewing their finances from the past year and trying to figure out what they might expect in terms of a tax refund – or a tax bill.

The good news is that, if you're reviewing your accounts and you think you might be able to improve your situation, it's still possible to get a tax deduction for the previous year. If you have a traditional individual retirement account (IRA) or a health savings account (HSA), it's possible for you to make a previous-year contribution.

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Category: General Business