The more you contribute to your 401k, the more you can reduce your AGI and the amount you owe in taxes. In 2016, the maximum IRA and 401k contribution limits are 5,500 and $18,000 respectively for anyone 49 years of age and under.
Autor: admin
People ask me all the time on one, universal solution for all types of property and business, in regard to a price hike. My answer always is: show better earnings. Especially after the Great Recession, buyers became quite skeptical about companies showing weak earnings. So, if your strategy has been to suppress the earnings in order to save on taxes, an exit strategy may suggest you start reporting improved earnings.