Tag Archives: IRA contributions

Deductions

Form 5498

February 14, 2018
Form 5498

Saving for retirement with an IRA or other tax-advantaged account will generate a Form 5498 from your financial institution at the beginning of tax time. Your financial institution also sends the IRS a copy of the form, which documents how much you contributed to your IRA during the year. Information Reported The Form 5498 reports: […]

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Credits

The Saver’s Tax Credit

December 10, 2016

Saving your money isn’t easy, though when retirement rolls around, you’ll be happy you have some cash stored away. If you work and make contributions to a retirement plan or Individual Retirement Account (IRA), you may be eligible for a specific tax benefit called The Saver’s Tax Credit. Found on tax forms under the name […]

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