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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

 

 

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