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403b reduce taxes?

2007-03-17 05:44:43 · 2 answers · asked by drzgolfer 2 in Business & Finance ➔ Taxes ➔ Other - Taxes

2 answers

For Federal purposes, yes. Some states, like NJ, do not recognize them. Accordingly they are not deductible at the state level.

2007-03-17 06:38:30 · answer #1 · answered by smh60437 3 · 1⤊ 1⤋

Yes, contributions are pre-tax.

2007-03-17 12:51:00 · answer #2 · answered by Judy 7 · 1⤊ 0⤋

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