Today we are going to solve the crossword clue "1040 abbr" ,After checking out all the recent clues we got the best answer below:
Understanding Today's Crossword Puzzle
The clue for today's crossword puzzle is "1040 abbr" and the answer is "IRA". Let's explore why this clue has this answer:
- Clue: 1040 abbr
- Answer: IRA
- Connection between the clue and the answer
The clue "1040 abbr" is referring to a specific abbreviation related to taxes and financial documents. The number "1040" in the clue suggests that we are looking for an abbreviation commonly used in tax forms, particularly the IRS form 1040.
The answer "IRA" stands for Individual Retirement Account. An IRA is a financial account that allows individuals to save for retirement with certain tax advantages. It is a popular investment tool for individuals looking to secure their financial future.
The connection between the clue "1040 abbr" and the answer "IRA" lies in the fact that IRA contributions are often reported on tax form 1040. Individuals who contribute to an IRA can usually deduct their contributions from their taxable income, resulting in potential tax savings when filling out their 1040 tax form.
Overall, the clue "1040 abbr" leads us to the answer "IRA" because it hints at the abbreviation associated with tax forms, particularly the IRS form 1040, where contributions to an Individual Retirement Account are commonly reported.
More Answers:
- IRA
- SSN
Definition of "IRA"
(in the US) Individual Retirement Account.
The Crossword clue "1040 abbr" published 2 time/s & has 2 answer/s.
| Crossword | Date | Answer |
| New York Times | 18 January 2019 | IRA |
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