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Tax saving ideas

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ForEverJava Hero

ForEverJava

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Posted
2 minutes ago, ForEverJava said:

No it's tax saving on state tax if you live in a state that has state tax..if u invest state 529 plans..hope that's clear ..

 

Check this link for understanding more ..

 

I know it's not a lot but any small tax saving over the years and systematic growth and having a fund of kids study gives sense of satisfaction 

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sri_india
sri_india

MAX out 401(K)  200K+ so no eligibly for IRA/Roth IRA but if you looking for future do backdoor roth  kids untee 529 college savings plan if you are healthy and not expecting majo

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Mari nannu evaru donate chesukuntaru 😂

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W4 withholding lo number penchu, you don't have to pay when filing   

Moon_Walker Hero

Moon_Walker

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Posted
5 minutes ago, ForEverJava said:

No it's tax saving on state tax if you live in a state that has state tax..if u invest state 529 plans..hope that's clear ..

 

Check this link for understanding more ..

 

Ok got it its only for state tax saving.

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