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Retirement tax questions
If reported in box 12 on your 2021 W-2 as it should be if they treated it as salary , then it is part of your contributions and applies to the yearly limit.
Be sure to notify your new employer so that you do not have excess deferrals.
**Disclaimer: This post is for discussion purposes only and is NOT tax advice. The author takes no responsibility for the accuracy of any information in this post.**
‎October 26, 2021
5:29 PM