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Retirement tax questions
the $14,000 is included in taxable income. in addition there is an unavoidable 10% for early withdrawal if you're under 59 1/2.
so it would seem you need to increase the 403b contribution by $14,000 to avoid the regular income taxes. however, you need to talk to you plan administrator to see if this is possible.
‎June 5, 2019
11:10 PM