Submitted by senseibrittany t3_z93om8 in personalfinance
No_Tension_280 t1_iyewi67 wrote
Reply to comment by senseibrittany in Is my account ripping me off by asking to do a mock return in December? by senseibrittany
(find should have been fund)
Do you have an ira? Every dollar you contribute up to the maximum comes right off your taxable income. So if you make 50,000 and contribute 5000 to your IRA, the IRS would act as if you only made 45000. It lowers your taxes.
senseibrittany OP t1_iyezzkf wrote
I max out my 401k
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