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Get your taxes done using TurboTax
Since contributions to 401(k) and 401(a) plans are tax deductible, plan sponsors generally enjoy a tax benefit as well. The return accrued on the plan sponsor's contributions to the plan is also tax deferred. The annual 401(k) and 401(a) contribution limits are listed on the IRS website.
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‎June 28, 2023
10:36 AM