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Need some 401k/tax/payroll help
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<blockquote data-quote="By The Book" data-source="post: 2115763" data-attributes="member: 53581"><p>In earlier posts I think you said you did nothing with your money(they moved it without letting you know), and this post says( I changed it back to ROTH). Maybe you forgot and it was a maximum amount to the pretax and a rebalancing thing if you're doing that? My question is do you get a good chunk back in taxes? Good news is you'll know what happened on Monday. I don't think that the 401k place sends anything to the IRS., unless you take monies out. Your paycheck may show this $2695.00 amout going into your pretax....which you used to reduce your taxable income, which shouldn't affect you because you didn't take any monies out.</p></blockquote><p></p>
[QUOTE="By The Book, post: 2115763, member: 53581"] In earlier posts I think you said you did nothing with your money(they moved it without letting you know), and this post says( I changed it back to ROTH). Maybe you forgot and it was a maximum amount to the pretax and a rebalancing thing if you're doing that? My question is do you get a good chunk back in taxes? Good news is you'll know what happened on Monday. I don't think that the 401k place sends anything to the IRS., unless you take monies out. Your paycheck may show this $2695.00 amout going into your pretax....which you used to reduce your taxable income, which shouldn't affect you because you didn't take any monies out. [/QUOTE]
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Need some 401k/tax/payroll help
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