AnnetteB6
Expert Alumni

Retirement tax questions

There are limits to the amount of elective deferrals to retirement accounts that can be made in a single year.  If you do have a situation where too much has been contributed, it can be corrected in a timely manner.

 

The information in the following article from the IRS will give you more details:

 

Retirement topics - 401(k) and profit-sharing plan contribution limits
 

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