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Catch-up 401(k) contributions for the year 2015 must be made by the end of the calendar year or by the tax filing deadline, usually April 15 of the following year. The maximum catch-up contribution limit for 2015 is 6,000 for individuals aged 50 and older.

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What are the rules and limits for 401k make up contributions in 2023?

In 2023, the rules and limits for 401k make up contributions allow individuals aged 50 and older to contribute an additional 6,500 on top of the standard limit of 19,500, making the total contribution limit 26,000 for those in this age group.


What are the implications of post-1986 contributions on retirement savings accounts?

Post-1986 contributions to retirement savings accounts have important implications for individuals' tax liabilities and withdrawal rules. These contributions are subject to specific regulations and can affect the amount of taxes owed upon withdrawal. It is crucial for individuals to understand these rules to effectively plan for their retirement and minimize tax consequences.


Is it possible for me to stop my HSA contributions mid-year?

Yes, it is possible to stop your Health Savings Account (HSA) contributions mid-year. You can adjust or stop your contributions at any time, but keep in mind that there may be certain rules or restrictions depending on your HSA provider.


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Yes, it may be possible to file for homestead exemption late, but the specific rules and deadlines vary by location. Contact your local tax assessor's office for more information on late filing procedures.


What happens to my 401k if I leave the country?

If you leave the country, your 401k account will generally remain active and you can continue to manage it from abroad. However, there may be restrictions on making contributions or withdrawals depending on the laws of the country you move to. It's important to stay informed about any tax implications and rules that may apply to your 401k account when living outside the United States.

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What are the rules and limits for 401k make up contributions in 2023?

In 2023, the rules and limits for 401k make up contributions allow individuals aged 50 and older to contribute an additional 6,500 on top of the standard limit of 19,500, making the total contribution limit 26,000 for those in this age group.


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