If you did not contribute the 2012 maximum to your IRA by
December 31, 2012, and you make any IRA contributions before April 15, 2013,
tell your bank or other trustee that these 2013 contributions are for 2012 until
you reach the $5,000 limit ($6,000 if you're 50 or older). You can then deduct
these 2013 amounts on your 2012 tax return for a quicker tax benefit. For
details, contact us.
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