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budd366
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Can I get back more on my tax return by contributing more to my 401k?

 
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Anita01
New Member

Can I get back more on my tax return by contributing more to my 401k?

It depends.  If you are already getting back all the tax you had withheld during the year, a retirement plan contribution will not help you.  Such a deduction can only reduce your taxable income and increase your refund if you are not already getting back all the tax you had taken out.

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