Pronto Tax Blog

Are IRA Contributions Deductible for Los Angeles Savers?

Are IRA Contributions Deductible for Los Angeles Savers?

 Key TakeawaysTraditional IRA contributions may be deductible, depending on your income, filing status, and whether you or your spouse are covered by a workplace retirement plan Roth IRA contributions are not deductible, but qualified withdrawals in...

How Do Trump Accounts Work For Los Angeles Kids?

How Do Trump Accounts Work For Los Angeles Kids?

 Key TakeawaysTrump Accounts are long-term, tax-deferred savings accounts designed specifically for children Parents or guardians manage the account until the child turns 18, after which the child takes over Certain children (especially those born...