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    My client has 3 W2, 50 years old 401 & 403 contribution is $39,644 and 457 contribution $21750 is there any penalty

    lovemahal-1
    Level 2
    ‎03-30-2021 06:29 PM
     
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    2 Comments 2
    qbteachmt
    Level 15
    ‎03-30-2021 06:34 PM

    See if this article helps:

    https://www.irs.gov/retirement-plans/plan-participant-employee/retirement-topics-403b-contribution-l...

     

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    Just-Lisa-Now-
    Level 15
    Level 15
    ‎03-30-2021 06:36 PM

    penalty for contributions? ohhh excess contributions, sorry, I misread


    ♪♫•*¨*•.¸¸♥Lisa♥¸¸.•*¨*•♫♪
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