Don’t miss your opportunity to make a 2025 IRA contribution — whether you can deduct it or not

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March 24, 2026 Kevin Brunelle IRA Contribution, MAGI, Roth IRA

IRA Contribution

Generally, each year you can contribute up to the annual limit to a traditional or Roth IRA (or a combination of the two). But once the contribution deadline has passed, the opportunity to contribute for that year is lost forever. The deadline for 2025 IRA contributions is April 15, 2026. You may be eligible to deduct all or part of your IRA contribution and save taxes on your 2025 return. But even if you can’t claim a deduction, contributing can still be beneficial.
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April 15 is the deadline for more than just your income tax return

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March 10, 2026 Kevin Brunelle 1041, estimated tax, IRA Contribution, SEP

April 15 Deadline

You know your 2025 federal income tax return is due April 15, 2026. But do you know what else has an April 15 deadline? If you don’t, you could miss out on valuable tax-saving opportunities or become subject to interest and even penalties.
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A new year means new tax figures for individuals

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December 30, 2025 Kevin Brunelle 401k, charitable deduction, FSA, gift tax, HSA, IRA Contribution, mortgage interest, OBBBA

individual taxes 2026

Many tax figures are annually adjusted for inflation and typically increase each year (or at least every few years). For 2026, some additional changes are going into effect under the One Big Beautiful Bill Act, signed into law July 4, 2025. Here’s an overview of some important limits and other tax figures for 2026. Keep in mind that exceptions or additional rules or limits may apply.
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Understanding spousal IRAs: A smart retirement strategy for couples

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July 8, 2025 Kevin Brunelle IRA, IRA Contribution, Roth IRA

spousal IRA

Retirement planning is essential for all families, but it can be especially critical for couples where one spouse earns little to no income. In such cases, a spousal IRA can be an effective and often overlooked tool to help build retirement savings for both partners — even if only one spouse is employed. It’s worth taking a closer look at how these accounts work and what the contribution limits are.
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You may be able to make a deductible IRA contribution for last year this year

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February 18, 2025 Kevin Brunelle IRA, IRA Contribution, Roth IRA, SEP

IRA contribution

You may be able to make a deductible IRA contribution for last year this year

If you’re getting ready to file your 2024 tax return and your tax bill is higher than you’d like, there may still be a chance to lower it. If you’re eligible, you can make a deductible contribution to a traditional IRA until this year’s April 15 filing deadline and benefit from the tax savings on your 2024 return.

Looking ahead to 2025 tax limits as you prepare to file your 2024 return

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January 28, 2025 Kevin Brunelle 401k, gift tax, IRA Contribution, Social Security, Tax Cuts and Jobs Act

Chances are, you’re more concerned about your 2024 tax return right now than you are about your 2025 tax situation. That’s understandable because your 2024 individual tax return is due to be filed by April 15 (unless you file for an extension).

However, it’s a good time to familiarize yourself with tax amounts that may have changed for 2025 due to inflation. Not all tax figures are adjusted annually for inflation, and some amounts only change when Congress passes new laws.

If you didn’t contribute to an IRA last year, there’s still time

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February 20, 2024 Kevin Brunelle IRA Contribution, Roth IRA, SEP

IRA Contribution

If you’re gathering documents to file your 2023 tax return and you’re concerned that your tax bill may be higher than you’d like, there might still be an opportunity to lower it. If you qualify, you can make a deductible contribution to a traditional IRA right up until the April 15, 2024, filing date and benefit from the tax savings on your 2023 return.

There still may be time to make an IRA contribution for last year

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February 21, 2023 Kevin Brunelle IRA Contribution, Roth IRA, SEP, Traditional IRA

IRA contribution 2022

If you’re getting ready to file your 2022 tax return, and your tax bill is higher than you’d like, there may still be an opportunity to lower it. If you’re eligible, you can make a deductible contribution to a traditional IRA right up until this year’s April 18 filing deadline and benefit from the tax savings on your 2022 return.

The Ins and Outs of IRAs

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February 1, 2022 Kevin Brunelle IRA Contribution, IRA withdrawal, Roth IRA, Traditional IRA

Traditional IRA Roth IRA

Traditional IRAs and Roth IRAs have been around for decades and the rules surrounding them have changed many times. What hasn’t changed is that they can help you save for retirement on a tax-favored basis. Here’s an overview.

How will revised tax limits affect your 2022 taxes?

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January 11, 2022 Kevin Brunelle 2022 tax limits, charitable deduction, gift tax, IRA Contribution, itemized deduction, Social Security

While Congress didn’t pass the Build Back Better Act in 2021, there are still tax changes that may affect your tax situation for this year. That’s because some tax figures are adjusted annually for inflation.