Individual Retirement Accounts (iras) & Taxes 2018

Individual Retirement Accounts (iras) & Taxes 2018 - Printable Version

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Individual Retirement Accounts (iras) & Taxes 2018 - G_P2018 - 09-07-2019

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Quote:What you'll learn

Individual Retirement Account (IRA) Tax Benefits
How to Report IRA Deduction On Tax Return Using Real Tax Forms
Roth IRA Tax Benefits
Traditional IRA and Roth IRA Contribution Limits

Requirements

Some understanding of US income tax law

Description

(IRAs) Individual Retirement Accounts, both traditional IRAs and Roth IRAs will discuss tax planning, concentrating on tax benefits of contributing to IRAs.

The course will discuss the tax benefits of traditional individual retirement accounts (IRAs), including how to record deductions related to traditional IRAs on tax forms, using actual tax forms as examples to demonstrate scenarios.

We will discuss contribution limits to traditional individual retirement accounts (IRAs) and how those contribution limits interplay with other types of retirement accounts like employer-provided retirement plans.

The course will discuss the tax benefits of Roth individual retirement accounts (IRAs) or Roth IRAs.

We will discuss contribution limits to Roth individual retirement accounts (IRAs) or Roth IRAs and how those contribution limits interplay with other types of retirement accounts.

The course will compare and contrast Traditional IRAs and a Roth IRAs.

We will also cover retirement savings contributions credits, including qualification credits and examples of how to report the credit using actual tax forms.
Who this course is for:

Anybody who wants to save on taxes
Tax professionals

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