Big news for taxpayers: Congress passed a sweeping tax package making major changes for individuals, families, and small businesses. If...

Nobody loves doing their taxes twice — but sometimes it’s necessary.

Saving for retirement doesn’t just build your future—it can reduce your tax bill today. Whether you’re a W-2 employee, self-employed, or own a small business, the IRS offers several retirement plans that provide tax-deductible contributions or tax-deferred growth, depending on the type of account. Here’s a breakdown of popular IRS-approved retirement contributions that can help lower your current-year tax liability: 1. Traditional IRA For: Individuals with earned income Contr