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	<title>New answer on: Does A 401K Contribution Reduce AGI?</title>

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		<title>By: Jim Winkler</title>

		<link>https://insurancelibrary.com/retirement-plans/does-a-401k-contribution-reduce-agi</link>

		<dc:creator>Jim Winkler</dc:creator>

		<pubDate>Wed, 23 Jul 2014 20:12:10 +0000</pubDate>

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		<description><![CDATA[That is a great question! I am pleased to hear you ask about your 401k, planning for your retirement is a good thing, and I wish more people were doing it. If your contributions are being made pre-tax, then yes, your Gross Income will be adjusted downward for the amount of those contributions. If they are made after-tax, then they obviously will not. I hope that helps, thanks for asking!]]></description>

		

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		<title>By: Kevin Haney</title>

		<link>https://insurancelibrary.com/retirement-plans/does-a-401k-contribution-reduce-agi</link>

		<dc:creator>Kevin Haney</dc:creator>

		<pubDate>Wed, 23 Jul 2014 14:33:42 +0000</pubDate>

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		<description><![CDATA[Pre tax payroll contributions used to fund your 401K reduce the amount of income reported on your W2. Your Adjusted Gross Income (AGI) is your gross income minus adjustments. Since pre tax elections reduce reported income, it also reduces AGI. Your AGI is used to determine the amount of qualified medical expenses you can deduct, and may apply to other tax trigger amounts.]]></description>

		

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