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I was doing my taxes online today, and it appears that I've earned interest in a savings account, none of which was withheld. Long story short, I now owe taxes!

I'm wondering if I can minimize my taxes by opening a Traditional IRA and contributing money to that by April 15th... I know that contributions until April 15th count towards the last tax year if the account already exists... What if I have to create the account?

(PS I also have a Roth account and 401K)

Many thanks...
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