Worried About Your Tax Bill? Try This to Save Money and Boost Your Retirement Savings
Tax season is upon us once again, and while many Americans can look forward to a refund in the coming weeks, that's not the case for everyone. After completing their tax returns, some will find they didn't pay enough during 2024. They'll have to either give the IRS a lump sum, or agree to a payment plan that could last months or even years.It's not always possible to avoid this situation, especially since 2024 is now behind us. But there is still one thing you may be able to do to reduce your tax liability and increase your retirement savings at the same time.Image source: Getty Images.Continue reading
Tax season is upon us once again, and while many Americans can look forward to a refund in the coming weeks, that's not the case for everyone. After completing their tax returns, some will find they didn't pay enough during 2024. They'll have to either give the IRS a lump sum, or agree to a payment plan that could last months or even years.
It's not always possible to avoid this situation, especially since 2024 is now behind us. But there is still one thing you may be able to do to reduce your tax liability and increase your retirement savings at the same time.
Image source: Getty Images.
