I have a traditional 401k through my job. I started taking out pretax money including my after tax money in my 401k. Is taking out pretax dollars from your 401K the same as a ROTH IRA? I live in Philadelphia, if that helps
I have a few bucks in the bank and if I can invest it and claim a deduction that would be great, if I can, is there a limit if I make 0,000?
After reading more, it looks like a Roth IRA isnt tax deductible, but is a standard IRA?
I’ve already contributed to my simple plan, my HSA, Roth IRA. I’m looking for some tax deductions, anybody got any tips?