About Taxes: Max out Your 401(k) Plan (Year-End Tax Tips)

Taxes In the Spotlight | More Topics |   from William Perez Here's a couple more ideas for keeping on top of your taxes. Making sure you are contributing as much as you can to a 401(k) or other retirement plan at work is a powerful tax-saving strategy. The funds are deducted pre-tax, thereby lowering your taxable wages. FSAs are another type of tax-advantaged savings account, and here the goal is to make sure you use up all the funds before the end of the year.   In the Spotlight Max out Your 401(k) Plan Maxing out a 401(k) or other employer-sponsored retirement plan has long been a staple of tax planning. Unlike IRAs, contributions to a 401(k) or 403(b) plan must be made by the end of the year....read more              More Topics Tax Savings for Fixing up the House 2008 E-File Numbers Set Records How to Find a Tax Preparer Lower Your Taxes Dealing with Tax Debts Which Tax Form to File? Amended Return Use Funds in a Flexible Spending Account If you have money set aside in a flexible spending account (FSA), the end of the year is a good time to check on your balance and use up any remaining funds....read more   Standard Mileage Rates for 2009 The IRS has set the standard mileage rates for substantiating car and truck expenses for the year 2009. The rate for business purposes increases to 55 cents per mile, down slightly from the 58.5 cents per mile rate in effect for the last half of 2008....read more     Sponsored Links   Best Moves in a Bad Economy Save & Invest the Right Way Find out how to beat a bear market, make smart choices, and keep your cool even when the economy is unpredictable. Tax Planning: U.S. Ads Self Employed Taxes Car Taxes Income Tax Planning Tax Calculation Tax Foreclosure Advertisement     Visit Related About GuideSites: Search About      Sign up for more free newsletters on favorite topics. You are receiving this newsletter because you subscribed to the About Taxes newsletter as lemmetry@GMAIL.COM. If you wish to change or remove your email address, please visit: http://www.about.com/nl/usgs.htm?nl=taxes&e=lemmetry@GMAIL.COM About respects your privacy. Our Privacy Policy. Our Contact Information. 249 West 17th Street New York, NY, 10011 © 2008 About, Inc.