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Are 401(k) contributions tax deductible? How saving for retirement could reduce your taxes

Are 401(k) contributions tax deductible? How saving for retirement could reduce your taxes

One of the biggest advantages of investing in a 401(k) or other employer-sponsored retirement account is that the money you contribute is tax deferred, which reduces the amount of your income that is subject to tax this year.

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A beginner’s guide to the types of 401(k)s: https://www.investopedia.com/beginners-guide-to-types-of-401-k-s-5323549 | Investopedia

A beginner’s guide to the types of 401(k)s: https://www.investopedia.com/beginners-guide-to-types-of-401-k-s-5323549 | Investopedia

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