ABCD149
Level 2
12-07-2019
02:32 AM
- Mark as New
- Bookmark
- Subscribe
- Permalink
- Report Inappropriate Content
This is from https://www.irs.gov/retirement-plans/how-much-salary-can-you-defer-if-youre-eligible-for-more-than-o...
Deferrals limited by compensation
Although plans may set lower deferral limits, the most you can contribute to a plan under tax law rules is the lesser of:
the allowed amount for that plan type for the year, or
100% of your eligible compensation defined by plan terms (includible compensation for 403(b) and 457(b) plans).
Deferrals limited by compensation
Although plans may set lower deferral limits, the most you can contribute to a plan under tax law rules is the lesser of:
the allowed amount for that plan type for the year, or
100% of your eligible compensation defined by plan terms (includible compensation for 403(b) and 457(b) plans).