Welcome Guest. Register Now!  

For 2010 Tips for tax year 2010.

LinkBack Thread Tools Search this Thread Display Modes
  #1 (permalink)  
Old 12-15-2010, 01:03 AM
TaxGuru's Avatar
Tax Guru
Join Date: Jan 2007
Location: New Jersey, USA
Posts: 2,399
Blog Entries: 3
Taxpayers increasing retirement contributions on their final paychecks could potentially yield more tax benefits!

The old adage still applies in 2010, for example, increasing 401(k) contributions during an employees your last pay periods will reduce your taxable income and could potentially qualify that employee for other tax breaks that are related to income limits (adjusted gross income limitations).

For the tax year 2010, taxpayer (employees) can contribute up to $16,500 to employer-based retirement plans, and those that are 50 and older can contribute up to $22,000.

Find a CPA near you!

Ask TaxGuru Please refer to the legal disclaimer.

Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiFurl this Post!Reddit! stumble!bookmark in google!Share on Facebook!
Reply With Quote

Thread Tools Search this Thread
Search this Thread:

Advanced Search
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

vB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off

Similar Threads
Thread Thread Starter Forum Replies Last Post
Ten Tips for Taxpayers Contributing to an Individual Retirement Plan Samatg For 2009 0 03-30-2010 06:17 PM
Six Facts on How to Get Credit for Retirement Savings Contributions Samatg For 2009 0 02-23-2010 12:34 AM
Taking Distribution & Increasing Contribution? singleworkingmom IRA/Sep 0 08-22-2009 01:34 AM
Which taxpayers are eligible for the Retirement Savings Tax Credit? TaxGuru IRA/Sep 0 08-21-2009 02:17 AM
Credit for Retirement Savings Contributions Samatg General 0 03-15-2007 07:56 PM

Follow us on Facebook Follow us on Twitter Google Buzz Rss Feeds

» Categories
 » Income
 » IRA/Sep
 » Medical
 » Payroll
Forum for CPAs
Financial Planning