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re: 401K under Biden
Posted on 11/25/20 at 6:39 am to LSUisKING12
Posted on 11/25/20 at 6:39 am to LSUisKING12
Tax Foundation
This link does a great job of explaining the shift from deduction to credit. Single filers begin to be negatively impacted compared to current deduction at over ~40k and joint filers at ~80k. Depending on where the phaseouts land, you could see those numbers shift up or down.
This link does a great job of explaining the shift from deduction to credit. Single filers begin to be negatively impacted compared to current deduction at over ~40k and joint filers at ~80k. Depending on where the phaseouts land, you could see those numbers shift up or down.
1
Posted on 11/29/20 at 12:07 am to Dixie Normus
So much for not negatively impacting earners making less that $400k. The uncertain climate around traditional retirement accounts means I’m probably from 50/50 way more towards Roth.
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