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2016 Income Tax Talk
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<blockquote data-quote="3Roosters" data-source="post: 155195" data-attributes="member: 1351"><p>One of the best tax sheltered wonders of the world is the 401k. If your company offers it....enroll...especially if they offer a match...simple simon...if they don't offer a 401k ..start your own..its called an IRA..INDIVDUAL RETIREMENT ACCOUNT...What you put in there you don't have to claim as income each year(taxed when withdrawn of course)..ie You make $40,000..put in $2000 into an IRA..your tax bill is only on the $38,000 you made..not the $40,000.</p></blockquote><p></p>
[QUOTE="3Roosters, post: 155195, member: 1351"] One of the best tax sheltered wonders of the world is the 401k. If your company offers it....enroll...especially if they offer a match...simple simon...if they don't offer a 401k ..start your own..its called an IRA..INDIVDUAL RETIREMENT ACCOUNT...What you put in there you don't have to claim as income each year(taxed when withdrawn of course)..ie You make $40,000..put in $2000 into an IRA..your tax bill is only on the $38,000 you made..not the $40,000. [/QUOTE]
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