dmertz
Level 15

Retirement tax questions


@sacosta13 wrote:
Is the maximum the same if I work for the same company but the employer changes or is that considered multiple employers?

The maximum is the same either way.  In the long run it doesn't really matter whether they are treated as one employer or two.  If they are considered to be two separate employers and you receive two separate Forms W-2, the amounts shown in box 5 will be added together and if the total exceeds the annual maximum the amount in excess of the annual maximum will be credited on Schedule 3 of your tax return.