Differences Between Traditional and Roth IRAs The basic premise of a Traditional IRA is that it allows tax-deferred contributions. This means that if certain criteria are met, taxpayers may deduct the amount of their contributions to their Traditional IRA from their income. Taxes are paid on Traditional IRAs when distributions are taken. If income is…Read More
If you’re getting ready to file your 2019 tax return, and your tax bill is higher than you’d like, there may still be an opportunity to lower it. If you qualify, you can make a deductible contribution to a traditional Individual Retirement Account (IRA) right up until the Wednesday, April 15, 2020, filing date and…Read More
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