13 Comments

1. 

   Dan Gennaro on August 25, 2022 at 5:52 am

   My question is what if I add money to Traditional 401k prior to tax day, then roll into into a Roth after tax day, can you do that every year to avoid taxes?

2. 

   Etc Hosts on August 25, 2022 at 5:52 am

   Pay taxes to the government or pay money to yourself people do it all the time.

3. 

   GR8 on August 25, 2022 at 5:52 am

   I have turbo tax and it shows that if I make a contribution to a traditional IRA, I will lower what I owe on my taxes. Is this a good idea?

4. 

   Yg Bodybuilder on August 25, 2022 at 5:52 am

   Also I thought it was 64,000-74,000

5. 

   Yg Bodybuilder on August 25, 2022 at 5:52 am

   So Dustin with my 457 plan if I made 64,000 but my aig is 60,000 I'm safe to add money to traditional IRA with a tax deduction? Also correct me if I'm wrong but you won't know your true aig until you start to do your taxes?

6. 

   Trentacus on August 25, 2022 at 5:52 am

   I've watched this four times, and I'm wondering if I fully understand.

7. 

   Yg Bodybuilder on August 25, 2022 at 5:52 am

   So I'm single and if owe it's 3,000 and instead I put 3,000 in a traditional ira. That means my tax bill is now 0

8. 

   Yg Bodybuilder on August 25, 2022 at 5:52 am

   Was this video made for me

9. 

   Jet Jet on August 25, 2022 at 5:52 am

   Wow!! Good information as always Dustin. My question is: My wife has 401k thru her employer and I have 457b thru my employer. Our AGI is $113k and we file MJ. We’re gonna owe Federal about $1000 on our tax refund. Can I open a Traditional IRA and off set the $1000?

   Thank you in advance for your response.

10. 

    OnyxGoddess on August 25, 2022 at 5:52 am

    I learned this the hard way last week. Thanks, Dustin!

11. 

    Bruce Smith on August 25, 2022 at 5:52 am

    Thanks Dustin great info had alot of changes financially this last year.

12. 

    Adam Krause on August 25, 2022 at 5:52 am

    Will this work for self employed? I don't have any 401k's but I do have a traditional IRA with Merrill Lynch along with some other accounts there too. I roughly pay about $4500 in taxes each year to the IRS as self employment taxes & business income taxes. Can that money be dumped into my traditional IRS and deducted from my owed taxes thus not requiring me to pay the IRS? Thanks.

13. 

    Brandon Spiegel on August 25, 2022 at 5:52 am

    Thank you for the very helpful video