The Daily Money: Taxes are due soon. You can still deduct these contributions

If you haven't filed taxes yet, you still have time to contribute to your retirement, health savings account or education savings for a deduction. ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌

The Daily Money ALL THE MONEY NEWS YOU NEED TO KNOW   Sunday, March 19 There's only a month left until taxes are due on April 18. How far are you?  If you're finished, have received your refund and spent it, you're in the minority. The IRS says as of the week ending March 3, nearly 55 million Americans had filed their income tax returns and just more than 42 million refunds issued. That's a lot but far short of the more than 168 million the IRS had forecasted to file returns this year.  What's holding you back? Are you still hoping to find some last-minute deductions? If so, we've got some for you to check.  Important information: Are you ready to file your taxes? Here's everything you need to know to file taxes in 2023. Untangling the complication: Millions have filed taxes early. What's your delay? If it's complex work situations, here's help. Filing your own taxes? Here is the best tax software What are some contributions you can still make and deduct on your federal tax return?  If you haven't maxed out your contributions to individual retirement accounts (IRAs) or health savings accounts (HSA), you have until April 18 to do so and take a deduction on your 2022-year tax return. Just make sure you designate the deposit for tax year 2022.  The 2022 total IRA contribution limits, including to Roth IRAs, are $6,000 for those 50 years old and under, and $7,000 if you're older.  HSA contribution limits are $3,650 for self-only coverage and $7,300 for family coverage. Those 55 and older can contribute an additional $1,000 as a catch-up contribution.  Still need to file?: The best tax software of 2023 Tax benefits and savings: What's an FSA, HSA, 529? How they work and how to use them to cut taxes, build wealth. Finding deductions: Tech to help you find 2023 tax deductions Some states still allow educational savings contributions to be deducted, too  If you're socking away money for your kid's education in a 529 plan, there are also a half-dozen states that allow you to contribute into April and take the deduction on your 2022 state tax return.  The states, according to education research, calculators and tools platform Saving for College, are:  • Georgia • Iowa • Mississippi • Oklahoma • South Carolina • Wisconsin Retirees still pay taxes: Here's what to know to pay a little less Retirees still have to pay taxes but there are steps you can take to make sure you pay less. Timing is everything: 4 best times to file taxes Popular tax advice that is actually baloney Going green used to be a luxury. Now it can save you thousands. Know your state: Here's where you have to pay state income tax Thinking of buying, selling home? Prepare now How to trim taxes, keep more of your investments Should I buy an EV? Your buying guide on tax credits, when to buy. How do you know if you're being audited by the IRS? Stole a car? Took a bribe? Make sure you report it to the IRS. Here's...   Problem viewing email? View in browser Unsubscribe • Manage Newsletters • Terms of Service • Privacy Policy/Your California Privacy Rights • Privacy Notice • Do Not Sell My Info/Cookie Policy • Feedback © 2023 USA TODAY, a division of Gannett Satellite Information Network, LLC. 7950 Jones Branch Drive, McLean, VA 22102