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New Member

How much should I contribute into 401k to lower taxes please?

Hi there, 

My salary is 150k; My wife's salary is 47k. 

How much should I contribute into 401k to lower my tax liability to come to 15% instead of current 25%. 

(We already contribute 6% each, and our employers match up to 6% of what we contribute). - 

Thanks so much.

1 Best answer

Accepted Solutions
Highlighted
New Member

How much should I contribute into 401k to lower taxes please?

I think it is possible that you are on the wrong forum.  This is the Canadian forum.  You may want to try again at

www.turbotax.com

View solution in original post

1 Reply
Highlighted
New Member

How much should I contribute into 401k to lower taxes please?

I think it is possible that you are on the wrong forum.  This is the Canadian forum.  You may want to try again at

www.turbotax.com

View solution in original post

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