|
#7
07-29-2004, 09:06 AM
| |||
| |||
 Re: 401K Married Contribution question Brian wrote: - quote - > "Arthur L. Rubin" <ronnirubin[at]sprintmail.com> wrote:
I guess I was off by a year on the 401(k) limit schedule.> > 401K limits are individual. Although I'm not sure exactly > > where you got 13K (are you both over 50), each of is limted > > by that overall limit and your respective incomes. > The regular limit for 2004 is $13,000. It's $16.000 if you > are over 50. Sorry about that. << -------------------------------------------------> << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org > << -------------------------------------------------> |
|
#6
07-26-2004, 08:02 AM
| |||
| |||
| Re: 401K Married Contribution question "Arthur L. Rubin" <ronnirubin[at]sprintmail.com> wrote: - quote - > 401K limits are individual. Although I'm not sure exactly
The regular limit for 2004 is $13,000. It's $16.000 if you> where you got 13K (are you both over 50), each of is limted > by that overall limit and your respective incomes. are over 50. Brian Bivona << -------------------------------------------------> << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org > << -------------------------------------------------> |
|
#5
07-26-2004, 05:10 AM
| |||
| |||
| Re: 401K Married Contribution question ru12345[at]hotmail.com (Rob Use) wrote: - quote - > Dumb question - can my wife and I BOTH contribute 13K to our 401K
Assuming you BOTH work for companies that have 401k plans,> plans (26K total) this year, or can we only put in a combined 13K for > maximum benefit? you can each fund your individual plan to the maximum allowed by the plan. << -------------------------------------------------> << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org > << -------------------------------------------------> |
|
#4
07-23-2004, 02:00 PM
| |||
| |||
| Re: 401K Married Contribution question "Rob Use" <ru12345[at]hotmail.com> wrote: - quote - > Dumb question - can my wife and I BOTH contribute 13K to our 401K
Each person makes their OWN contributions.> plans (26K total) this year, or can we only put in a combined 13K for > maximum benefit? -- David M. Woods, EA, ChFC, CLU Woods Financial Services Norwood, MA 02062 www.woods-financial.com << -------------------------------------------------> << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org > << -------------------------------------------------> |
|
#3
07-23-2004, 05:44 AM
| |||
| |||
| Re: 401K Married Contribution question ru12345[at]hotmail.com (Rob Use) writes: - quote - > Dumb question - can my wife and I BOTH contribute 13K to our 401K
Yes, assuming that $13K is the correct individual limit. (I> plans (26K total) this year gave up trying to keep up with Congress years ago.) Phil Marti Topeka, KS << -------------------------------------------------> << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org > << -------------------------------------------------> |
|
#2
07-23-2004, 05:44 AM
| |||
| |||
| Re: 401K Married Contribution question ru12345[at]hotmail.com (Rob Use) writes: - quote - > Dumb question - can my wife and I BOTH contribute 13K to our 401K
Yes.> plans (26K total) this year, -- Rich Carreiro rlcarr[at]animato.arlington.ma.us << -------------------------------------------------> << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org > << -------------------------------------------------> |
|
#1
07-23-2004, 05:25 AM
| |||
| |||
| Re: 401K Married Contribution question "Rob Use" <ru12345[at]hotmail.com> wrote - quote - > Dumb question - can my wife and I BOTH contribute 13K to our 401K
A 401K is an individual plan. Any limits are established> plans (26K total) this year, or can we only put in a combined 13K for > maximum benefit? and controlled at the individual level. There are no "married" limits. -- Paul A. Thomas, CPA Athens, Georgia taxman at negia.net << -------------------------------------------------> << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org > << -------------------------------------------------> |
|
07-23-2004, 04:46 AM
| |||
| |||
| Re: 401K Married Contribution question Rob Use wrote: - quote - > Dumb question - can my wife and I BOTH contribute 13K to our 401K
401K limits are individual. Although I'm not sure exactly> plans (26K total) this year, or can we only put in a combined 13K for > maximum benefit? where you got 13K (are you both over 50), each of is limted by that overall limit and your respective incomes. But it's not a dumb question. << -------------------------------------------------> << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org > << -------------------------------------------------> |
|
#-1
07-21-2004, 06:36 AM
| |||
| |||
| 401K Married Contribution question Dumb question - can my wife and I BOTH contribute 13K to our 401K plans (26K total) this year, or can we only put in a combined 13K for maximum benefit? << -------------------------------------------------> << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org > << -------------------------------------------------> |
| Tags |
| 401k, contribution, married, question |
Similar Threads | ||||
| Thread | Forum | Replies | Last Post | |
| 401k contribution file balance Tom: Ever since I upgraded to Money 2006 Deluxe from Money 2003. My 401k contributions are overdrawn each week after on-line updating, by $56.46. This... | Microsoft Money | 3 | 01-07-2006 09:30 PM | |
| Question regarding 401k and SEP IRA T Naik: I have a question regarding a 401k and SEP IRA. I established a SEP IRA when I was self-employed. I am still self employed until July but have... | Taxes | 1 | 05-27-2004 03:46 AM | |
| 401k contribution limit-- does employer contribution count? Barney G: Does the matching contribution to my 401k by my employer count towards the $13,000 limit for 2004? I know it counts towards the 25% of salary... | Taxes | 4 | 02-24-2004 08:52 AM | |
| Charitable contribution question Robby J.: I created 2 custom Access database programs for my church free of charge. Can I deduct this from my taxes as a charitable contribution? (by... | Taxes | 9 | 11-22-2003 12:57 AM | |
| Question: Recently married to foreign national. No idea what next! Ben: My wife and I got married in May. She just moved here from Europe and has never worked in the U.S. (she only got her SSN yesterday). I'm reading... | Taxes | 4 | 09-17-2003 04:35 AM | |
| Thread Tools | |
| Display Modes | |
| |
Linear Mode
