Guest brp Posted February 25, 2003 Posted February 25, 2003 I remember reading something that mentioned the IRS allowed for up to a $1000 tax credit for 403(B) plan contributions. I think the salary limit was 25K for single or 50k for married filing jointly. Is this correct?
MGB Posted February 25, 2003 Posted February 25, 2003 It is more complicated than that. See my article at the end of the following publication: http://www.milliman.com/eb/publications/be...s/sum02_fin.pdf Note: The "IRS" doesn't allow anything -- Congress does. This was a law change under the budget reconciliation act of 2001, known as "EGTRRA".
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