re: High Earners Age 50 and Older Are About to Lose a Major 401(k) Tax Break

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Older workers were putting in pre tax money. Said worker dies, but never pulls the money out the traditional 401k, thus it isn’t taxed. That money is then passed down to their heirs at a stepped up basis and tax is never paid on the incremental amount between their contribution amount and the new basis amount

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I hate taxes, but thank you for explaining this rule in a way that makes sense

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