Investors can contribute as much as $5,000 to a traditional or Roth IRA any time up to April 15, 2013, and still claim it on their 2012 tax returns.
Cleveland, OH (PRWEB) April 10, 2013
As last-minute preparations continue in an effort to get tax returns in under the wire, investors might be comforted by the fact that there are still actions they can take that could help them reduce their tax burden or even receive more money from the government.
Equity Trust Company reminds investors that the 2012 contribution year for retirement accounts doesn’t end until Tax Day 2013, which means they can still maximize contributions and score valuable deductions on their 2012 taxes. Investors can contribute as much as $5,000 to a traditional or Roth IRA any time up to April 15, 2013, and still claim it on their 2012 tax returns.
Self-directed retirement plans can bring additional tax benefits as well. Investors can use their IRAs to invest in things with which they’re already familiar, such as real estate, tax liens and promissory notes, and any profits made from the investments go back into the account tax-free.
Equity Trust has made it easier for investors to figure out if they could still score tax deductions from contributing toward the 2012 tax year. The leading self-directed IRA custodian created a complimentary Tax Time Quiz and webinar to help individuals determine how acting now would affect their unique situation.
The quiz and webinar can be accessed at http://www.trustetc.com/info/april-15/.
About Equity Trust Company
Equity Trust Company, with its corporate headquarters in Greater Cleveland, Ohio and operations in Waco, Texas and Sioux Falls, South Dakota, is at the forefront of the self-directed retirement plan industry. The Company specializes in the custody of alternative assets in self-directed IRAs, Coverdell Education Accounts, Health Savings Accounts and qualified business retirement plans. Along with its affiliates, Equity Trust Company provides services to more than 130,000 individuals and businesses nationwide with approximately $12 billion in assets under custody. Since 1974, the company and its affiliates have helped investors make tax-free profits through education, innovation, and a commitment to understanding individual needs. Visit http://www.TrustETC.com for more information.