Ashlea Ebeling | Forbes
Three-quarters of Americans said they think that contributing to or opening a traditional IRA after the end of the taxable year but before Tax Day is illegal, and only 7% of folks said they’ve made the tax-savvy move, in a recent online survey by Harris Poll on behalf of NerdWallet. It’s not illegal! It’s one of several tax-time savings strategies workers of all ages should consider.
“Many people don’t realize you still have time to reduce your 2017 tax bill,” says NerdWallet’s investing and tax specialist Andrea Coombes. “IRAs are a powerful tool to save for retirement.”
Read more at Forbes.