Navigating Tax Deductions and Optimizing 401(k) Contributions

Tax season is here and with that in mind, are you making the proper deductions for your financial future? Are you claiming everything that could benefit you and your family’s tax return? If you got an end-of-year bonus or raise, did you know that you can use some of it to increase your contributions for your 401 (k) plan?

One big change that is coming are the rules about making catch-up contributions to your 401(k). These rules go into effect in 2026, so now is a good time to plan ahead and be prepared for future tax provisions.

Check out this article to learn more https://www.kiplinger.com/taxes/new-roth-401k-contributions-rule-delayed-by-irs-what-to-know.

Here at Casey Wealth, we are financial planners, not tax experts but we do have knowledge and experience when it comes to how your taxes will overall affect your financial future, so please reach out and schedule some time with us or recommend our services to a friend or family member.