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Retirement tax questions
Thank you for pointing me to the pub 560 sec 5 worksheet.
I don't see any reference in that chart to employer contributions - only employee contributions.
Doesn't the 451c limit also include employer contributions?
This is important, because a solo 401(k) plan allows the employer and the employee to make tax deferred contributions.
Thus, if my employer makes contributions to my 403(b), does this not affect how much I, as the solo 401(k) employER, can contribute?
I am having trouble understanding the example provided in this IRS link.
Many thanks
‎January 2, 2020
2:46 PM