Free Stocks 101 Class! For nearly 4 years now, I’ve been hosting a free Stocks 101 class licensed financial advisor Jose Hernandez that has helped THOUSANDS of first gen investors get started investing! We go over step by step how to start, where to go, and address common myths in plain English. My next class is coming up next week!

It’s a webinar style class that will be held live on Monday March 30 at 7pm ET. The class runs approximately 1hr, but we hold a live Q&A and stay on until we answer all your questions or get kicked out! It’s completely free but capacity is limited. If you want to sign up and reserve your spot, here's the registration link👇

Two Ways You Can Still Lower Your Tax Bill (or get a bigger refund)

Around November-December last year, I started to warn everyone that the deadline for most tax saving options was coming up on 12/31/25. That’s because the majority of your tax return revolves around what happened during a certain year. Once the year is over, things usually reset for the next tax year (for 2026, most things reset on 1/1/26.)

That’s the case for most things that can help you save on taxes, but you’re in luck! The Traditional IRA and HSA contribution deadline is still a couple of weeks away on 4/15/26! This is a big deal because, generally, contributions to these accounts are tax deductible - meaning they can still lower your tax bill for 2025!

Traditional IRA: This is an individual retirement (savings) account, hence the name! It’s an account that you setup yourself, unlike the 401k which is an employer sponsored account, to help you have for your own retirement. A lot of people think that an IRA is an investment on its own, but it’s simply an account that will hold your investments.

For 2025 you can contribute up to $7,000, $8,000 if you’re 50 of older and for 2026 you can contribute up to $7,500, $8,600 if you’re 50 or older. These contributions may be tax deductible. Keep in mind there are restrictions on deductions and contributions based on your income and if you’re covered by a workplace retirement account.

This is a tax deferral. That means we are not eliminating taxes, we are simply pushing them to a later date (generally retirement or when distributions are made).

You can find more details on Individual Retirement Accounts on Publication 590-A.

HSA: This Health Savings Account (HSA) is meant to help you pay for medical expenses by making your dollars stretch further. It does this by giving you a tax deduction for contributing funds to the account. You get an additional tax benefit when you spend the money, because as long as you spend it on qualified medical expenses, you can spend it tax free!

There’s a bonus tax benefit for savvy investors! Thats because the HSA also allows you to invest the money, and any growth is also tax free!

For 2025, individuals can contribute up to $4,300, families can contribute $8,550, and there’s a catch-up contribution of $1,000 if you’re 55 or older. For 2026, individuals can contribute up to $4,400, families can contribute $8,750, and there’s a catch-up contribution of $1,000 if you’re 55 or older.

Keep in mind that you must have a qualified high deductible health plan to be eligible to contribute. You can find more details on HSA’s on Publication 969.

What’s next: Don’t sleep on these tax deductions, the deadline for both is coming up on April 15th 2026!

What About a Roth IRA?

This is also an IRA like the Traditional IRA, so they have the same contribution limit. This doesn’t mean that you can contribute $7,000 to a traditional IRA and $7,000 to a Roth IRA for 2025! You are usually limited to the same contribution limit, so for 2025 that is $7,000 of combined contributions!

The Roth IRA is different from the Traditional IRA when it comes to who can contribute. While the Traditional IRA has income restrictions on who can deduct their contributions, it doesn’t have income limits on who can contribute to the account. The Roth IRA however, DOES. If your income is too high, you are not allowed to contribute to a Roth IRA directly!

FREE STOCKS 101 CLASS

If you are considering investing in any of the accounts mentioned above, my class next week will be a great option for you - especially if you’re a beginner!

Here's the registration link👇

Next: Real Estate!

Coming soon 😎

As always, I hope you found this information helpful! See you next week!

Neyra

Please remember that while I am a CPA, I am not your CPA. Please consult a licensed professional on any financial, tax, or business decision you contemplate.