Now is the time to make final contributions to your IRA for 2020. Any contributions made before April 15, 2021, may mean an additional deduction or credit on your 2020 tax liability if you have not yet met the maximum contribution level (typically $6,000 for those under 50, or $7,000 for those older than 50). Contact the office if you’d like more information about reducing your 2020 tax liability. If you would like to open an IRA or make changes to your retirement plan, let’s talk. This piece is designed to provide accurate and authoritative information on the subjects covered. It is not, however, intended to provide specific legal, tax, or other professional advice. For specific professional assistance, the services of an appropriate professional should be sought. |
