> will 401k contribution reduce amount of taxable social security benefits?

will 401k contribution reduce amount of taxable social security benefits?

Posted at: 2015-05-24 
Look at your W-2. Subtract box 1 (taxable income) from box 3 (social security income). The difference will be the 401K.

That means you paid into the SSA system based on the social security earnings which is BEFORE the 401K is deducted.

Pre-tax health care is the item that reduced your earnings for SSA purposes.

Read the worksheet to see if the income added to half the SS is before or after I think it will be on box 10 so after the 401K is deducted saving you taxes on the SS income.

I think people are thinking of this as a tax withheld issue not a tax on benefits since most retired people don't have jobs with 401K.

401k has nothing to do with social security, it does not reduce those benefits

No - you pay in the same amount to ss, whether you contribute to a 401k or not.

very little compared to how much it will increase your retirement benefits coming from your IRA/401k plan

No.