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senseibrittany OP t1_iyevloo wrote

Reply to comment by No_Tension_280 in Is my account ripping me off by asking to do a mock return in December? by senseibrittany

Sorry if I'm ignorant here, but I don't know what this means.

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No_Tension_280 t1_iyewi67 wrote

(find should have been fund)

Do you have an ira? Every dollar you contribute up to the maximum comes right off your taxable income. So if you make 50,000 and contribute 5000 to your IRA, the IRS would act as if you only made 45000. It lowers your taxes.

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