Explore the 1,000’s of tax questions answered by professionals.

Back to list

QUESTION DETAIL

Related User

Votes

What is the maximum contribution to a qualified 403b plan that I can make for 2012?


ANSWER


The BIDaWIZ Team's Answer:

Employees can contribute he smaller of: 1) $17,000, or up to 100% of includable compensation or for those with employer matches or other employer contributions, limits are $50,000 or 100% of compensation (whichever is less). Note: the employee is still limited to the employee elective deferral limit ($17,000 for 2012). An employer can add up to another $33,000. In addition, if you are 50 or older at any time during 2012, you may contribute an additional $5,500.

The BIDaWIZ Team

 

 

  • Currently 4.6190/5 Stars.
  • 1
  • 2
  • 3
  • 4
  • 5
1547 Ans.