Quote:
Originally Posted by p1l0t
Haha true and you can add more to it even after the new year can't you? Or do you have to figure that out in December?
Sent from my SM-G920P using Tapatalk
|
You can add more to both your non-Roth IRA and your HSA right up until the tax deadline. If I owe taxes I'll make an offsetting contribution to one of the other if I haven't already maxed it out to minimize that.
You just have to remember it reduces your tax burden by your tax rate. So, if you are in a 20% federal income tax bracket you have to contribute $100 to reduce your owed tax by $20.