Aug 26, 2025 · Get information about IRA contributions and claiming a deduction on your individual federal income tax return for the amount you contributed to your IRA.

This quick reference guide provides tax brackets and key deductions, credits, and retirement plan contribution limits for 2026.

Dec 31, 2025 · Retirement Plans In 2026, elective deferrals to workplace retirement savings programs such as 401 (k) and 403 (b) plans are going up by $1000 to $24,500 a person for …

Jan 6, 2026 · The 2026 contribution limits for retirement plans have increased, giving you greater opportunities to build your future.

Dec 4, 2025 · Consult a tax professional to determine IRA deduction eligibility. The traditional individual retirement account (IRA) is designed to be a tax-deductible investment in your …

Aug 29, 2025 · Roth IRA contributions aren't tax-deductible, but earnings can be withdrawn tax-free if you meet age and time requirements. Individual retirement accounts offer tax …

Nov 1, 2025 · If you make regular contributions to an individual retirement account (IRA), you may be eligible to claim a tax deduction at the end of the year. Your deduction is based on whether …

4 days ago · There are different phaseout mechanics at play for retirement plan deductions. Below, find lists for traditional IRA plans, Roth IRA, and thresholds for the Savers Credit.

21 hours ago · The U.S. Internal Revenue Service has released updated 2026 retirement-plan contribution limits for 401(k)s, IRAs, and related tax-advantaged and tax planning vehicles.

Oct 18, 2025 · Senior citizens can claim an increased standard deduction, and certain itemized deductions may benefit them more than ordinary taxpayers.