Saving for retirement is one of the best gifts you can give your future self — and it’s not too late to claim a deduction on your 2017 taxes for doing so. A recent NerdWallet study showed that 3 in 4 Americans think it’s illegal to claim a deduction for contributions made to a traditional IRA…

Erin El Issa is a writer at NerdWallet. Email: erin@nerdwallet.com. Twitter: @Erin_El_Issa.

The article An IRA Is a Legal, Last-Minute Way to Lower Your Taxes originally appeared on NerdWallet.

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