W3Schools

NerdWallet: How to take advantage of lower tax rates to boost your retirement savings

This article is reprinted by permission from NerdWallet.

Like death, taxes remain certain. But they’re now on sale.

Under the new tax laws, individual tax rates are broadly lower and the standard deduction — which directly reduces your taxable income — is nearly double what it was. A taxpayer who previously fell into the 15% tax bracket is now taxed at a 12% rate.

Retirement investors can and should take advantage. Here’s how.

Reconsider a Roth IRA

>>> Original Source <<<

Comentários