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I have a question about supplemental income and 401k tax
I have a question about supplemental income and 401k tax strategies … read more
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Can you confirm my math on a 401k question I have? If the max contribution limit for 2020 is $19,500 and there are 52 weeks in the year, I should have 26 pay periods. So if I want to max out I should … read more
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I am a physician working as sole proprietor as independent
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Lev
Lev
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I am in a strange situation, I was working through my own S
I am in a strange situation, I was working through my own S corp and had contributed$6000 as employee contribution in Individual 401K through my payroll company.I joined a new employer in mid of 2019 … read more
emc011075
emc011075
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As to my last question. I have a client who is currently a
As a follow up to my last question.I have a client who is currently a single shareholder S-Corp and who already makes max contributions to his solo 401K. He may be making alot more money over the next… read more
Lane
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My company has a 401k without a match. I currently
My company has a 401k without a match. I currently contribute to my 401k with the company. Next year I was planning on maxing out my contribution, however I learned recently from our accounting depart… read more
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Tax professional What is the dollar limitation for a 55 year
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Tax.appeal.168
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I have Obama Care for my insurance and I had to take 4000.00
I have Obama Care for my insurance and I had to take 4000.00 out of my 401k To pay deductibles for dental and medical copays, will this affect how much I pay for my monthly insurance?… read more
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I maxed out 401k at one company and they do not offer an
I maxed out 401k at one company and they do not offer an employer match. That company was acquired by a new publicly traded company and they offer a 401K match. Can I also max out my 401K at the new c… read more
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Dr. Fiona Chen
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If I had a scenario wherein I can take a portion of my
Roger, if I had a scenario wherein I can take a portion of my current W-2 income (500K) as a 1099 (150K), reducing my W-2 to 350K, would this be advantageous from a marginal tax basis? The big advanta… read more
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emc011075
emc011075
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In 2014 I contributed the max $5500 to a Roth IRA thinking
In 2014 I contributed the max $5500 to a Roth IRA thinking I would make less than $100k year. It turns out I made $130k which disqualifies me IRA. Turbotax is advising me to take a distribution of the… read more
Robin D.
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I have 140,000 in W2 income with an employer sponsored 401K
I have 140,000 in W2 income with an employer sponsored 401K for 2013. I also have 94,000 in 1099 income for 2013. Are my contributions to my employer sponsored 401K deductible or are they already put … read more
Robin D.
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i never have 401K but i have ira account with max 5000 pretax
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Lev
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1. Can I still convert my traditional IRA to a Roth IRA via
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Lev
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I am 63 years of age and work, making $35000 per year. I want
I am 63 years of age and work, making $35000 per year. I want to start receiving my social security in Jan. 2011. I understand I can make $14160 and still receive my ss without penalty. I would like t… read more
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I recently lost my job which paid a 6 figure plus salary.
I recently lost my job which paid a 6 figure plus salary. I am going to be receiving 22 weeks of severance pay (full salary for that period). I had always been contributing the max to the company's 40… read more
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Lev
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My husband and I had to pay in this year a little over ...
My husband and I had to pay in this year a little over $500.00. We are in our fifties and together make around 55K a year. We both have 401K at work and we were wondering if we increased our 401K dedu… read more
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Disclaimer: Information in questions, answers, and other posts on this site ("Posts") comes from individual users, not JustAnswer; JustAnswer is not responsible for Posts. Posts are for general information, are not intended to substitute for informed professional advice (medical, legal, veterinary, financial, etc.), or to establish a professional-client relationship. The site and services are provided "as is" with no warranty or representations by JustAnswer regarding the qualifications of Experts. To see what credentials have been verified by a third-party service, please click on the "Verified" symbol in some Experts' profiles. JustAnswer is not intended or designed for EMERGENCY questions which should be directed immediately by telephone or in-person to qualified professionals.

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