Categories: Mind & Soul

14 Valuable Tax Breaks for Seniors

STILL INVESTING

Seniors can continue to contribute up to $6,500 (rather than $5,500 for those under 50) to a traditional IRA, as long as they are not withdrawing funds. They might (depending on income) get a tax deduction for that contribution. But contributions are no longer allowed the year the account holder turns 70.5.

Page: 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15

smartlivingtips

Recent Posts

14 Scary Credit Score Stories That Can Happen to Anyone

Your credit does not define you, but it does have a saying in your life.…

5 years ago

8 Must-Haves During the Coronavirus Pandemic

The entire world is in turmoil as the novel coronavirus continues to spread at a…

5 years ago

15 Items That You Completely Forgot to Replace

If you’ve decorated your home based on the “less is more” principle, than you might…

5 years ago

7 Money Saving Ideas That Are Actually Worse for Your Finances

When you’re constantly budgeting, it’s easy to lose sight of the things that matter. This…

5 years ago

15 Ways to Make Money On the Side That Actually Work

Which side are you on? Do you think the internet is full of scammers looking…

5 years ago

13 Things People Subconsciously Do Around Rude People

It’s kind of heartbreaking to think about ourselves as the rude, unfriendly person in a…

5 years ago