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Deferred compensation
How much each pay check should I put into my work deferred comp so that I pay the least amount of income taxes as possible?
July 27, 2022
10:19 AM
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Get your taxes done using TurboTax
Hello AB69,
I can't tell you how much to put into your defferred comp plan but I can tell you the more you put in the less taxes you will pay.
Since you didn't specify what kind of defferred comp plan you have, here is a link to the IRS page showing you the maximum amount you can contribute in 2022 to different types of plans.
This will give you the maximum amounts for regular contributions and and catch up contributions you are qualified for.
Thanks
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July 27, 2022
10:37 AM