Are 401k contributions tax deductible under the new law?

wswiontek — Sat, 01 Jun 2019 17:50:21 GMT

No, 401k plans are still pre-tax contribution plans so th...

DanO — Sat, 01 Jun 2019 17:50:23 GMT

No, 401k plans are still pre-tax contribution plans so the contributions are made before any taxes can be deducted, meaning that there is nothing to deduct from your income tax return because the amount that was contributed was not counted as income which reduced your taxable income on your return.

topic Are 401k contributions tax deductible under the new law? in Retirement tax questions

Are 401k contributions tax deductible under the new law?

No, 401k plans are still pre-tax contribution plans so th...