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Instructions and help about uniaccount form

hello and welcome to another 1040 com update we're approaching the end of 2015 and now is a great time to start thinking about how to cut your tax bill in 2060 contributing to a 401 K flexible spending account or health savings account helps you save for retirement or pay for health care and dependent care expenses it also provides some tax savings that can definitely add up a 401 K is an employer sponsored retirement savings plan where contributions are tax deferred what does that mean it means you don't pay taxes on the funds until you withdraw from the account later in life for 2016 the contribution limit will be eighteen thousand dollars if you're over 50 you're allowed an extra six thousand dollars as a catch-up contribution also keep in mind that by contributing to your 401 K you might be eligible for the saver's credit if your adjusted gross income is below the threshold amount fsa's and hsas are both employer sponsored accounts that allow you to contribute pre-tax dollars from

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