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Author: Deborah Grace

Now is the Time to Confirm that Your 2017 Salary Deferrals Were Within IRS Limits for 2017, Especially if You Made Salary Deferrals Under More Than One Employer’s Plan

Tax Code Section 402(b) imposes annual limits on employee deferral contributions made to a 401(k) or 403(b) plan.  For 2017, the limit is $18,000 if you were under age 50, and $24,000 if you were age 50 or older.  Your form W-2...

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Tax Blog is published by Dickinson Wright PLLC to inform the public of important developments within the firm and practice areas. The content is informational only and does not constitute legal or professional advice. We encourage you to consult a Dickinson Wright attorney if you have specific questions or concerns relating to any of the topics covered in this blog.