LogFAQs > #938546868

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Topic	How much do you put towards your 401k?
I Like Toast 05/03/20 3:37:40 PM #13:	JuanCarlos1 posted... Right, but on my paystubs one of the taxes is for 401k contribution match, even though I dont see that money. So while im not getting taxed on my "100" contribution, I am getting taxed on the "75" the company matches towards my 401k. At least thats how Im seeing it? @JuanCarlos1 Talk to hr or payroll https://humaninterest.com/blog/is-a-401k-match-contribution-tax-deductible/ Is a 401(k) match taxable? Whether you have a Roth or traditional 401(k), though, employer contributions are taxed when you withdraw. Thats because even if you are putting your contributions into a post-tax (Roth) 401(k), all employer matches are contributions to a traditional 401(k). --- If you do things right, people won't be sure you've done anything at all <cite>I Like Toast posted [p:938546868] in How much d... [t:78653398]...</cite> <quote>JuanCarlos1 posted... </cite> <quote>Right, but on my paystubs one of the taxes is for 401k contribution match, even though I dont see that money. So while im not getting taxed on my "100" contribution, I am getting taxed on the "75" the company matches towards my 401k. At least thats how Im seeing it?</quote>@JuanCarlos1 Talk to hr or payroll https://humaninterest.com/blog/is-a-401k-match-contribution-tax-deductible/ Is a 401(k) match taxable? Whether you have a Roth or traditional 401(k), though, employer contributions are taxed when you withdraw. Thats because even if you are putting your contributions into a post-tax (Roth) 401(k), all employer matches are contributions to a traditional 401(k). --- If you do things right, people won't be sure you've done anything at all</quote> ... Copied to Clipboard!
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