Explore the 1,000’s of tax questions answered by professionals.

Back to

QUESTION DETAIL

Related User

Votes

Can contributions that I put towards my 401k be used as a tax write off at the end of the year?


ANSWER


The BIDaWIZ Team's Answer:

The contributions that you make into your 401K are pre-tax which is a tax benefit in itself. You cannot take a take deduction in addition to contributing a portion of your paycheck to your 401K before taxes.

The BIDaWIZ Team

 

 

  • Currently 4.6190/5 Stars.
  • 1
  • 2
  • 3
  • 4
  • 5
1547 Ans.

COMPANY INFORMATION




We do not offer or provide any investment advice or services or opinion regarding the nature, potential, value, suitability or profitability of any particular security, portfolio of securities, transaction or investment strategy.

Copyright © 2024 BIDaWIZ, Inc. Privacy Policy | Terms & Conditions