401k Tax Deferment Max | TigerDroppings.com

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mule74
LSU Fan
Houston, TX
Member since Nov 2004
6550 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?







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Teddy Ruxpin
LSU Fan
New Orleans, LA
Member since Oct 2006
19339 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


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DawgCountry
Kennesaw St. Fan
Burger Inn
Member since Sep 2012
11910 posts

re: 401k Tax Deferment Max


Me too





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TheIndulger
Longwood Fan
Member since Sep 2011
10613 posts
 Online 

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


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TheDiesel
LSU Fan
Houston via Baton Rouge
Member since Feb 2010
2447 posts

re: 401k Tax Deferment Max


I thought the $17,500 was a combined max for employee and employer. I feel pretty dumb now.





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Boh
LSU Fan
Baton Rouge
Member since Oct 2009
11376 posts

re: 401k Tax Deferment Max


Employer can't contribute any match amount on earnings over 250k or so





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AndyJ
Member since Jul 2008
616 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...





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