You'll need to sign in or create an account to connect with an expert.
Because the 401(k) contributions are not included in your gross income on the W-2 and were never taxed.
Because the 401(k) contributions are not included in your gross income on the W-2 and were never taxed.
Ah of course.. thanks. Just grasping. 2nd year in a row I have a huge tax bill even though both me and my spouse have 0 deductions and pay an extra $100 a paycheck in taxes.
Still have questions?
Questions are answered within a few hours on average.
Post a Question*Must create login to post
Ask questions and learn more about your taxes and finances.
ben-r-field
New Member
g456nb
Level 1
Mike-13
Level 2
rhondacburke
New Member
bjw5017
New Member