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In response to
"
401ks aren't deductable? -- nm
"
by
Reagen
you don't have to itemize for that.
Posted by
ty97
Apr 13 '10, 17:32
401K contributions reduce your taxable income right off the bat, even if you claim the standard.
Employers actually reduce the amount of taxable income on your W-2 based on your contributions.
*it's awesome*
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