- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Retirement tax questions
I'm getting the following message:
Let's Check XXXX's Retirement Contributions
We see XXXX contributed @$22,654 to retirement plan(s).
The maximum most people under age 50 can contribute to all salary deferral retirement plans for 2023 is $22,500.
Read IRS Publication 560, Retirement Plans for Small Business, to find out the maximum salary deferral for each type of retirement plan and what you need to do to correct the $154 overpaid into XXXX's account.
What Steps Do I Need to Take?
AMOUNT
All Contributions from xxxx's W-2s. $22,654
Maximum Allowed -$22,500
Overpayment $154
‎April 25, 2024
2:48 PM