401K | The TurboTax Blog

Tax Refunds

How to Use Your Tax Refund to Boost Your Retirement Savings

May 17, 2019 July 23, 2019 / Ginita Wall, CPA, CFP®

What could you do with over $3,000 in your pocket? A lot, right? Well, if your tax refund is anything like the average direct deposit tax refund last year, you could be expecting a little over $3,000 for your tax...

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Tax Deductions and Credits

Can You Deduct 401K Savings From Your Taxes?

February 25, 2019 July 23, 2019 / asbbaines

Contributions you make to your 401(k) plan can reduce your tax liability at the end of the year as well as your tax withholding each pay period. 401(k) plan contributions.

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401K, IRA, Stocks

Five Tips to Help You Figure Out How Much to Save for Retirement

October 16, 2017 / Elle Martinez

As we get more comfortable with our finances we’re looking for ways to improve our system and that includes our retirement plans. Here are five tips to help you estimate how much you need to save for retirement.

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Self-Employed

Can the Self-Employed Have a 401(k)?

July 12, 2017 / Jim Wang

The short answer: Yes! If you’re self-employed, have you ever wished that you could have a 401(k) plan, just like salaried employees? Well, you can. It’s called the solo 401(k), and it works just like an employer-sponsored 401(k) except it’s...

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Tax Planning

Tax Tips for Retirees

March 22, 2017 / Ginita Wall, CPA, CFP®

When you retire, your life changes, and your tax situation changes as well. Here are tips to make retired life less taxing and more relaxing. Think before you commingle retirement accounts. Although rolling all your retirement accounts into one giant...

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401K, IRA, Stocks

Retirement Doesn’t Have to be Scary, Here Are 7 Ways You Can Prepare

November 29, 2016 / Jim Wang

The idea of retirement, something decades away, can be scary. What if you make a mistake today that prevents you from retiring when you want to? What if the stock market tanks again? What if… the list goes on and...

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Income and Investments

Small Business Retirement Plans for the End of Year

November 26, 2016 / Winnie Sun

Small business owners often manage their own human resources, which includes figuring out what to do about retirement savings plans. Faced with an array of complex, and sometimes expensive, savings plan choices, it’s tempting to not offer a program. But,...

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401K, IRA, Stocks

What You Need to Know About 401(K) Early Distributions and Taxes

August 19, 2016 / Jim Wang

If you’ve been a diligent retirement saver, you may have amassed an impressive nest egg in your 401(K). There are some cases where making an early withdrawal from your 401(K) makes sense and many cases where it could hamper the...

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401K, IRA, Stocks

New Grads: Now is the Time to Start Saving for Retirement

August 5, 2014 / Philip Taylor

Congratulations on graduating college! Have you thought about your retirement? When it comes to saving for your retirement, the earlier you get started, the better off you’ll be.

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Tax Refunds

How to Retire on Your Tax Refund [Infographic]

April 22, 2014 July 12, 2019

Now that taxes are filed and your refund check is on its way, your first thought may be to splurge and spend it on a nice vacation. But before you start making those vacation plans, see how investing in your...

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