- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Retirement tax questions
Thanks for your reply.
When I enter the number under Individual 401 (k) my tax owed goes down, meaning the system is taking a deduction, I think. However, contributions to a Roth are not deductible as I understand it. When I enter the number under Roth 401(k) the taw owed stays the same (no deduction taken). I think the latter is correct.
@dmertz can you please clarify? Thanks
March 6, 2022
8:21 AM