I'm starting a new job and am trying to accurately fill out a W4 form. I plan on maxing out my tIRA this year. Is there a way I can do that pre-tax dollars, or a way to indicate to the IRS that I plan to max out this benefit this year, so my taxes per paycheck are reduced?
Currently, as I understand it, I am contributing to my tIRA Vanguard account with post-tax dollars, and noting the contribution at tax-time in order to collect a refund on the taxes paid. As you know, however, this is money that I could have been putting to use during the year, rather than paying out to the government in the form of an interest-free loan.
Thoughts?