Nik0226
New Member

Get your taxes done using TurboTax

Thanks, I appreciate your help.

the issue is with my current cost of living and living situation, I cannot afford to contribute to my 401k AND have my checks siphoned with Federal taxes, It's either one or the other at the moment and I had hoped that by raising my deductions and contributing to my 401k, i could essentially reduce my tax bill down to nothing. I also have an LLC that I have yearly expenses with so that helps to offset my tax bill a bit. I just was not sure if contributing enough to my 401k would keep me from having a tax bill at the end of the year if I raised my deductions so that no fed taxes were with held.