Tax
Dec. 8, 2010
Never Pay Income Tax on Your Retirement Plan
Contributing to a retirement plan today means avoiding the income tax forever. By Bruce Givner and Owen Kaye of Givner & Kaye.
Late in the year, professionals and other taxpayers examine ways to intelligently lower the income tax due on their April 15, 2011 personal returns. There are only a few safe, reliable income tax deductions: interest on the first $1.1 million on the mortgage on a principal residence; charitable deductions; and oil and gas. The list rapidly falls off after that.
Perhaps the largest, and yet one of the safest, deductions in ...
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