Reported 2 days ago
As the April 15 deadline approaches, there is still time to contribute to individual retirement accounts (IRAs) for 2024. Sarah Brenner from Ed Slott & Company explains the differences between traditional and Roth IRAs, highlighting that traditional IRAs offer immediate tax deductions, while Roth IRAs allow for tax-free growth and distributions. She also discusses important details such as income and distribution limits relevant to taxpayers making contributions.
Source: YAHOO