3 Ways You Can Still Lower Your Taxable Bill for 2024 [CNET News]
Maplebear Inc. (CART)
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Source: CNET News
If you're already worried about your upcoming bill or you're hoping to maximize your tax refund , there are still some steps you can take. Here are three ways you can still lower your tax bill in 2024. 1. Contribute to a traditional IRA You have until April 15 to fund an individual retirement account for the previous tax year, regardless of whether it's a traditional IRA or a Roth IRA. In other words, your deadline for maxing out your 2024 IRA contribution is April 15, 2025. But since a traditional IRA is funded with pre-tax dollars while a Roth IRA is funded with after-tax dollars, you'd need to choose a traditional IRA if you wanted to lower your taxable income for the year. You may be able to deduct your full traditional IRA contribution, depending on your income and whether you or your spouse has access to a workplace retirement plan . The table below shows the deductibility rules for 2024 and 2025. Traditional IRA deduction rules for 2024 and 2025 If you're younger
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- 11/12/24 - Beat
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Sec Filings
- 12/20/24 - Form 4
- 12/20/24 - Form 4
- 12/20/24 - Form 144
- CART's page on the SEC website