Important Notice: Our web hosting provider recently started charging us for additional visits, which was unexpected. In response, we're seeking donations. Depending on the situation, we may explore different monetization options for our Community and Expert Contributors. It's crucial to provide more returns for their expertise and offer more Expert Validated Answers or AI Validated Answers. Learn more about our hosting issue here.

What is the tax relief in my income tax return by contributing to an IRA account?

April 26, 2017account contributing IRA relief Return tax

0

Posted

What is the tax relief in my income tax return by contributing to an IRA account?

1 Answer

0

Posted

The amount you pay in taxes will be reduced when you open an IRA account depending on the amount of the contribution and your tax rate.