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Retirement tax questions
Are you sure you can claim a deduction?
401K contributions are made with pre-tax money, since you don't pay tax on the money contributed, you can't deduct it.
The only retirement contributions that are deducible are contributions to a traditional IRA.
To enter an IRA contribution
- Sign in to your account.
- Type IRA contributions into the search box
- Select Jump to IRA contributions
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March 22, 2020
1:37 PM