11 tax deductions to cut your 2017 tax bill [CNN]
H&R Block, Inc. (HRB)
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Source: CNN
11 tax deductions and other ways to cut your 2017 tax bill With all the talk about the new federal tax law that went into effect in January, it's easy to forget about the old one. But it's the old tax code that governs the deductions, credits and other measures you can use to save money on your 2017 tax return due in April. In fact, it may be your last chance to use some of them since the new law eliminated many. Here are 11 deductions and other tax-trimming measures you shouldn't overlook: 1. Traditional IRA contributions You have until April 17 to make a tax-deductible contribution to a traditional IRA and have it count for 2017. The most you can contribute for the year is $5,500 ($6,500 if you're over 50). How much of your contribution will be deductible depends on your income and whether you have a retirement plan at work. 2. Head of household filing status If your spouse left you and your children, but you're still technically married, you may be able to file for head of
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HRB
Earnings
- 2/6/24 - Beat
HRB
Sec Filings
- 2/23/24 - Form 144/A
- 2/23/24 - Form 4
- 2/23/24 - Form 144
- HRB's page on the SEC website