Does a 401(k) Reduce My Taxable Income? Yes, Here’s How!

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Bette Hochberger, CPA, CGMA

Bette Hochberger

173 episodes

5 days ago

Join Bette and guests as we explore tax strategy and preparation, real estate, finance, and a variety of other engaging business topics.

Business

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Join Bette and guests as we explore tax strategy and preparation, real estate, finance, and a variety of other engaging business topics.

Business

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Does a 401(k) Reduce My Taxable Income? Yes, Here’s How!

Bette Hochberger, CPA, CGMA

7 minutes 13 seconds

6 months ago

Does a 401(k) Reduce My Taxable Income? Yes, Here’s How!

Hey everyone, I'm Bette Hochberger, CPA, CGMA. Saving for retirement is one of the smartest financial moves you can make, but did you know it can also help reduce your taxable income today? If you’re wondering whether contributing to a 401(k) plan can lower the amount of income you’re taxed on, the short answer is yes, it absolutely can. For today's quickie, I'll go over how it works and why taking advantage of a 401(k) is a win-win for your retirement and your taxes.

Learn more: bettehochberger.com

Blog: https://bettehochberger.com/quickies/does-a-401k-reduce-my-taxable-income-yes-heres-how-7876/