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Term Of The Hour

tax credits retirement: Original post by Tom Streissguth of Demand Media A 401(k) is an employer-sponsored retirement savings account into which the employer makes contributions that match some or all of your own contributions. When preparing your income tax return, you do not deduct contributions to your 401(k). The IRS does not consider them taxable income. Your employer subtracts them from your taxable wages when…

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