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Created page with "The IRS has set many tax deductions and benefits in place for tax payers. Unfortunately, some taxpayers who earn a higher level of income can see these benefits phased out as their income increases.<br><br>If you and the spouse each put 5,000 dollars into your 401k account, that would cut back your annual taxable income by ten thousand dollars. Which means that your adjusted gross income is $66 thousand. That will yield a substantial tax cost savings. Another significant..."
 
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