An IRA tax deadline is looming and will be unavailable after April 17, 2018, for you to contribute to your IRA account.
There are measures you can take to contribute to an IRA that is Self-directed and to curtail your tax load and assist with your retirement plans. Below are some measures you can take to help you with your IRA contribution planning.
A good option is to invest your tax refund into your IRA account.
According to U.S. News & World Report, if you do not have the money to contribute to your 2017 IRA, consider using IRS form 8888 to put your tax refund into your IRA account. You have the option of depositing all or part of your tax refund into your IRA. Read more: US Money Reserve | LinkedIn and US Money Reserve | Facebook
You must contribute to your IRA by April 17, 2018, and you may claim a tax deduction for the money you deposit in your IRA before the money is deposited into your account.
This credit from your tax return value is about 10 to 50 percent. Another benefit is that you can claim the saver’s credit on your tax return as a deduction for funding your retirement account.
If you are aware that more time is needed to file your tax return, it is recommended that you ask for extra time by filing for an extension. This will help you not to get penalized and have to pay for filing your taxes late. Learn more about US Money Reserve: https://www.prnewswire.com/news-releases/us-money-reserve-president-to-hold-emergency-gold-conference-300486354.html and http://www.builtinaustin.com/company/us-money-reserve
If your spouse is not working, you may think about contributing to a spousal IRA. This is a good means to grow your savings and cut your tax bill, providing that both of you meet the eligibility requirements. For you and your spouse to qualify for the spousal IRA, one of you is required to have an income. The Traditional and Roth spousal IRA’s have similar limits.
The U.S. Money Reserve founded in 2002 is located in Austin, Texas. They are a privately held and operated company. They have 200 employees, and they specialize in Silver Bullion, Platinum coins, Gold coins, Gold bullion, and Silver coins
From its inception, U.S. Reserve has become a distributor of foreign and U.S. government-issued platinum legal and silver goods. The employees at U.S. Money Reserve are highly trained and are experts in the reserves sector.
They are professionals who are knowledgeable in finding the right kind of products that give a higher profit, for those purchasing precious metals, especially in the form of United States silver coins, and gold.