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Do 401K contributions reduce my MAGI? Specifically, I would like to reduce my MAGI to extend the amount of time I am below the ROTH IRA MAGI limits.
posted
June 4, 2019
4:27 PM
last updated
June 04, 2019
4:27 PM
1 Reply
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Do 401K contributions reduce my MAGI? Specifically, I would like to reduce my MAGI to extend the amount of time I am below the ROTH IRA MAGI limits.
Yes they do since they naturally reduce your taxable wages reported on line 7 of the form 1040.
June 4, 2019
4:27 PM
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