PPP004: Can I Invest My Tax Refund in an IRA and File an Amended Return? - Personal Profitability Podcast

Today reader Jeremy asked a tax question about IRAs and tax refunds. When you make Traditional IRA contributions, you can deduct that amount from your income and pay less in taxes. Jeremy asked if you can use your refund to make an IRA contribution, file an amended tax return, and get a second refund.

For this episode, I brought in Nicole Rosen, a registered tax preparer, to help me answer the question. You can visit her awesome website, Finance Diva, to connect with her.

• Finance Diva
• IRS Resource for IRA Accounts
• IRS Resource for IRA Contribution Limits
• IRS Resource for IRA Deduction Limits

• How to Start an IRA (or a Roth IRA)
• Should My IRA Charge Me a Maintenance Fee?

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