Archived Posts: IRA

Click on the links below to jump to each section in this article: Medicare Premiums may Lead to Tax Savings Don't Wait Until the Last Minute to File Your Extended Return! An Employee Benefit with Possible Magnetic Power   Medicare Premiums may Lead to Tax Savings If you pay premiums for Medicare health insurance, you may be able to combine them with other qualifying expenses and claim them as an itemized deduction for medical expenses on your tax return. This includes amounts for...

Click on the links below to jump to each section in this article: Using an IRA Withdrawal for a Qualified Home Purchase Get a Jump on Tax Planning How to Deduct Business Travel   Using an IRA Withdrawal for a Qualified Home Purchase Purchasing a home is an expensive proposition that leaves many would-be buyers feeling cash strapped. If that’s you, you might be thinking about taking some money out of your traditional IRA to help fund the purchase. But should you? Afterall, a 10% penalty...