529 plan tax benefits. Tag

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5 Ways to Lower Your Tax Bill Before April 15th

The calendar may say 2026, but for many taxpayers, there is still time to impact your 2025 tax return. While most tax planning happens during the fourth quarter, the IRS allows several specific contributions to be made up until the April 15th filing deadline. In this week's "5 on Fridays," Managing Attorney Mark Milton outlines five ways you can still lower your tax burden before the clock runs out. 1. Make a Deductible IRA Contribution For many individuals, making a traditional IRA contribution is the fastest way to lower taxable income. For the 2025 tax year, you can contribute and deduct up to...

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