I wanted to check I did the deduction correct because it didn't deduct anything from what I owe.
I made an employer deduction ( I have an LLC) to my Solo 401k for $6,000, i selected employer match and entered in $6,000 but my overall tax payment didn't decrease at all. I was under the assumption I could deducted my contribution to help lower my taxes.
any help would be awesome, trying to get this done before the 28th to receive the discount.
You can send us a diagnostic file that has your “numbers” but not your personal information. This will allow us to open a copy of your return.
If you would like to do this, follow these steps:
- From the left menu, select Tax Tools.
- Then select Tools.
- Select Share my file with Agent and OK.
- Then, you will get a pop-up with a Token number.
- Reply to this thread with your Token number.
We will then be able to see exactly what you are seeing and can help diagnose the issue.