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There's Less Than 1 Week Left to Take Advantage of These Huge 2019 Tax Breaks

There's Less Than 1 Week Left to Take Advantage of These Huge 2019 Tax Breaks

The good news is, thanks to the fact the IRS delayed tax day until July 15, 2020, you have more time to score generous tax savings to help invest for your future. Traditional IRAs allow you to claim a deduction in the year you contribute and pay taxes on a future withdrawal, while Roth IRAs take nondeductible contributions with after-tax money but allow tax-free withdrawals in your later years. HSA contributions can be deducted in the year they're made.