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Retirement tax questions
I figured it out.
I assumed that TT looked at my W2 information to figure out my maximum contributions, but it doesn't. I have to enter the amount that I already contributed to Company A's 401k. Therefore, the total of my elective deferral should be 19500 and I have a 6500 catch up. Then TT tells me that the amount to contribute for my Employer Match is 1164.
‎April 9, 2022
12:52 PM