Why doesn't my wife's $18k 401k impact out tax liability? I also contributed $18k.

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Why doesn't my wife's $18k 401k impact out tax liability? I also contributed $18k.

Because it is already accounted for on your W-2. It was made with pretax money. You can see the difference between what you earned and what you were taxed on in Boxes 1 vs 3 on your W-2.

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