Tuesday, April 29, 2008

Weekly Savings Tip Tax Freedom Day

Tax Freedom Day

April 23rd was the day that Americans stop working for the federal government and start working for themselves, according to the Tax Institute, which annually calculates Tax Freedom Day ®. Now is the time to take advantage of the opportunities offered by the nation's tax laws.

For instance, taxpayers should invest as much as possible into a 401(k) or Individual Retirement Account. Contributions to these accounts are tax-free until you withdraw from the account. If you choose to invest in a Roth IRA, the dollars you invest will be taxed now but will be tax free when you withdraw them.

Click here for more money-saving tax strategies.

Visit www.FeedthePig.org for more money-saving tips.

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