![tax-1351881_960_720_pixabay 905513](https://www.cpapracticeadvisor.com/wp-content/uploads/sites/2/2020/01/tax_1351881_960_720_pixabay_905513.5e2a33a88b38b-768x570.png)
The Tax Blotter – January 24, 2020
Depending on a client’s situation, contributions made to an IRA in 2020 may be wholly or partially tax deductible on a 2019 tax return. This is an opportunity for clients to reduce their tax liability after the close of the tax year.