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How to Reduce Your 2012 Tax Liability…in 2013!

There isn't much you can do now, in 2013, to lower your tax liability for 2012. One possible way, however, can not only help you save money on your 2012 taxes, but can also help you plan for retirement. I'm talking, of course, about a deductible IRA contribution. 2012 IRA contributions can be made up until April 15, 2013 and, if you meet certain criteria, you can take a deduction for that contribution, thus reducing your 2012 tax liability. If you haven't made an IRA contribution for 2012 and are wondering if you can make a deductible IRA contribution now to help reduce your 2012 tax bill, follow the questions below to find your answer.
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Excess Contributions (5498)

Good Afternoon, Does the the (correction of) an excess IRA contribution require a new 5498, reporting the updated contribution amount?...
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ROTH IRA PRENUPT

I HAVE A ROTH IRA AND MY SISTER AND BROTHER ARE CURRENTLY MY BENEFICIARIES. I WILL SOON BE MARRIED. CAN...
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Comparing a Former U.S. President’s Pension to YOURS

Prior to 1958, the U.S. did not provide a pension for its former presidents. George Washington retired to Mount Vernon where he resumed his role as a plantation owner/farmer. Abraham Lincoln did not live to collect a pension. His wife, Mary Todd Lincoln, petitioned Congress for a widow's pension in 1870, five years after Lincoln's death. She was awarded the sum of $3,000 a year.
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