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Contributing to IRA can reduce taxes you owe

8:54 AM, Jan. 24, 2013
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Tax documents for 2012 are starting to arrive in the mail, and one of the easiest deductions for qualified taxpayers is a contribution to an individual retirement account:

? It can substantially reduce your taxable income: The limit is a $5,000 contribution to a deductible IRA, or up to $6,000 if you're 50 or older. That's a big chunk of change to take out of your tax burden.

? If you have no 401(k), you need to start planning: The vast majority of Americans are dramatically behind schedule on their retirement planning. Nearly half aren't saving a penny for retirement, according to recent ...

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Football fans

If you've ever answered "Who has the ball?" with "It's halftime," you might recognize The Airhead. Check out the characters in our cartoon gallery of oddball fans.

Special Reports