2023 General Tax Strategies for Individuals & Businesses
Contribute to a Retirement Plan to Save Taxes You or your spouse must have earned income in order to contribute to a retirement plan. Taxpayers with modified AGI below certain thresholds are permitted to contribute up to $6,500 to a Roth IRA for 2023, which will increase to $7,000 for 2024. (Taxpayers aged 50 or … Continued