Tax Tips
Investment Taxes
FSA affect on Calculation of 401K contribution. | FSA affect on Calculation of 401K contribution. |
|
|
Example: Employer matches 401K 1:1 up to 5% of gross salary. Gross annual salary: $100,000. Gross salary per pay period: $2000. FSA deduction per pay period: $100. Employee wishes to contribute exactly $5000 to 401K (in order to maximize the matching benefit) as quickly as possible. If employee chooses to contribute 100% of the first paycheck to 401K, Read Entire Article |
| AP - More than 3 million people will have to wait until February to get their tax refunds because of Congress' late fix to the alternative minimum tax, the IRS said Thursday. | |
| Read more... |