This Last-Minute Tax Move Could Save You Thousands. Here’s How to Do It
Tax Day is only a week away, but you still have a chance to make one big tax-saving move—a tactic that could save many couples up to $2,750 on their 2017 taxes.
You don’t even have to itemize to get the benefit. All you need to do is make an IRA contribution before the tax filing deadline, which is April 17 this year—reducing your taxable income, and therefore cutting the amount you’ll owe in taxes, for 2017.