As the year-end approaches, Americans seek ways to reduce their 2023 taxes, and one often overlooked option is a spousal IRA contribution. This strategy can be advantageous for married couples, particularly when one partner earns less or nothing at all. Eligible couples can double their contributions to traditional IRAs, deducting up to $15,000 instead ofContinue reading “Maximizing Tax Savings: The Overlooked Opportunity of Spousal IRA Contributions”
