Key Contribution Deadlines & Benefits

To lower your 2024 tax liability, consider making contributions to the following accounts before the tax deadline:

• Traditional IRA – Contributions may be tax-deductible, reducing your taxable income for the year.
• Company 401(k) – If your employer allows, increasing your contributions before year-end can boost retirement savings and lower taxable income.
• Health Savings Account (HSA) – If you have a high-deductible health plan, contributions to an HSA are tax-deductible, and withdrawals for medical expenses remain tax-free.

Making these contributions can lower your adjusted gross income (AGI), potentially qualifying you for additional deductions and credits.

Is Your 2024 Tax Situation More Complex?

If your finances have changed due to business growth, investments, a new job, or major life events, your tax situation may be more complicated this year. Navigating these changes alone can be stressful—but you don’t have to do it alone!

At McIlvain & Associates, our tax professionals specialize in preparing accurate, optimized returns to minimize your tax burden and maximize your savings. Whether you need help filing your return, strategizing for next year, or addressing complex tax implications, we’re here to guide you every step of the way.

The tax deadline is April 15th! Don’t wait—contact us today to get expert tax preparation and peace of mind.