How To Deal With Tax Preparation: Difference between revisions

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Revision as of 12:00, 6 January 2025

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2) Perform participating in your company's retirement plan? If not, why not? Every dollar you contribute could eliminate taxable income decrease your taxes to trainer.

If the $100,000 a year person didn't contribute, he'd end up $720 more in his pocket. But, having contributed, he's got $1,000 more in his IRA and $280 - rather than $720 - in his pocket. So he's got $560 ($280+$1000 less $720) more to his name. Wow!

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