(Tax Year 2024 – Filed in 2025) Overview Even if you’re a W-2 employee and don’t itemize deductions, you can still legally reduce your taxable income and claim valuable...
(Tax Year 2024 – Filed in 2025) Overview Retirement contributions are a key part of many W-2 employees’ compensation packages. These contributions—whether to a 401(k), 403(b), 457(b), or Roth...
Introduction Contributing to a retirement account not only secures your future but also provides tax deductions that lower your Adjusted Gross Income (AGI). Under IRC § 219, contributions to...