The big benefit of tax-exempt accounts is to pay tax on your savings later, but you don’t get a tax deduction for contributions. With a low tax rate, this might make a big impact on your tax ...
The Federal Reserve isn't in a rush to cut interest rates, which means you could be on the hook for more taxes next year on the interest you earn now. These moves can help you soften that blow.
The IRS treats interest earned on money in a savings ... account interest: Invest in a tax-deferred account such as a traditional individual retirement account or a 401(k). Stash money in a tax ...