Limited Time Only
There's still time to save on your taxes--we can show you how.
April 15 is fast approaching, but there's still time forsome last-minute moves to help trim your final tax payment.
For example, if you haven't already done so and yourretirement plan allows it, be sure to make a contribution by April15. Contributing to a retirement account, such as a SimplifiedEmployee Pension (SEP) plan, is an easy way to help lower your taxliability for 2004. The IRS gives you until your business taxdeadline (plus extensions) to set up an SEP and make atax-deductible contribution. An SEP allows you to make a largerdeduction than an IRA does. It's possible, for example, tocontribute up to 25 percent of the first $205,000 of compensation,subject to the contribution maximum of $41,000, whichever isless.
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