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Temeku999
Level 2
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  • I thank you so much for your help. You say the 401k is not tax deductible. Is that because your employer has already adjusted your reportable income? I mean if ...
    Temeku999
    1
    Updated Sep 16, 2024
  • So I can put 30,500 in my 401k and 8000 in my IRA and another 8000 in my wifes IRA and it is all deductable?
    Temeku999
    4
    Updated Sep 16, 2024
  • I am maxing out my 401k at work with 30,000. Are you saying I can still put 8000 in my IRA too? I thought I was limited to 30,500 combined 401k and IRA contribu...
    Temeku999
    6
    Updated Sep 16, 2024
  • I think I forgot to add my income to that question. I will make 65000. After I contribute 30000 to my 401K, I would like to add to my wife's IRA to lower our ta...
    Temeku999
    1
    Updated Sep 16, 2024
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