Retirement tax questions

No, 401k contributions are tax deferred so there is no deduction- if they are designated ROTH contributions you cannot deduct because they are funded with after tax dollars- if you could deduct them they destroy the ROTH account characteristics (contribution taxed dollars now and receiving earnings tax free at retirement)

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"

View solution in original post