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Retirement tax questions
Thanks @dmertz . Turbo Tax did calculate the maximum contribution based on my self-employment income. Is that maximum allowed the sum of employee solo 401k contribution, Roth contribution, and employer match contribution?
Eg. For an income of $15k, turbo tax calculated the max. allowed contribution is $14k. Does this 14k include only the employee contribution to 401k and Roth 401k, or does it include the employer match/profit sharing contribution as well?
Thanks!
‎October 5, 2023
4:56 PM