menu
Posted by
Message
mule74
LSU Fan
Houston, TX
Member since Nov 2004
6654 posts

401k Tax Deferment Max

I've experienced a pretty nice increase in pay and am currently on a 6 to 6 matching contribution from my employer.

Is the max $17,500 deferal rate the most I can contribute tax free individually or does that include the employer contribution as well?


Teddy Ruxpin
LSU Fan
New Orleans, LA
Member since Oct 2006
22323 posts
Online

re: 401k Tax Deferment Max
quote:

Is the max $17,500 deferal rate the most I can contribute tax free individually or does that include the employer contribution as well?



You can contribute up to 17,500. Your employer can go beyond this to some number like $51,000 or so.

ETA: $52,000 this year. So they can contribute $34,500 ($52,000 - $17,500 = $34,500)

If you work for an employer who does this, I have a resume ready.
This post was edited on 4/2 at 4:36 pm


DawgCountry
Kennesaw St. Fan
Burger Inn
Member since Sep 2012
14392 posts
Online

re: 401k Tax Deferment Max
Me too


Replies (0)
Replies (0)
TheIndulger
LSU Fan
Member since Sep 2011
13208 posts

re: 401k Tax Deferment Max
I thought the employer had no limit on contributions. The more you know
This post was edited on 4/2 at 5:01 pm


TheDiesel
LSU Fan
Houston via Baton Rouge
Member since Feb 2010
2509 posts
Online

re: 401k Tax Deferment Max
I thought the $17,500 was a combined max for employee and employer. I feel pretty dumb now.


Replies (0)
Replies (0)
Boh
LSU Fan
Baton Rouge
Member since Oct 2009
11460 posts

re: 401k Tax Deferment Max
Employer can't contribute any match amount on earnings over 250k or so


AndyJ
Member since Jul 2008
720 posts

re: 401k Tax Deferment Max
As an independent contractor, how much tax deferred money can I put away (no match obviously)? I hope it's not just 17500...


Replies (0)
Replies (0)
first pageprev pagePage 1 of 1next pagelast page
refresh

Back to top

logoFollow TigerDroppings for LSU Football News
Follow us on Twitter, Facebook and Instagram to get the latest updates on LSU Football and Recruiting.

FacebookTwitterInstagram