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Retirement and TaxesYou can save for retirement using several tax-favored savings plans. And taxpayers already in retirement can reduce or eliminate their tax bill using time-tested planning strategies.
Individual Retirement Accounts
An individual retirement account is a savings plan offering tax benefits. Some types of IRAs provide a tax deduction, reducing your current income. Other IRAs provide no deduction, but offer tax-free distributions. Learn about the different types of IRAs available. Retirement Savings Plans
You can save for retirement using a number of tax-deferred or tax-free retirement plans. |
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