Originally Posted by CX500T

Do you know where in the IRS regs the compensation limit is 305/330? I can find the "max is 61k" and "no more than 100% of your compensation" but I haven't done an exhaustive search of IRS regs.

Non related to contract, but I'd almost prefer if the IRS took X percent off the top and I never had to worry about having some record from 6 years ago, audits, filing, nothing. Just here is XX percent of your gross, have a nice life. Our tax code sucks. But back to contract limits.

Did not know there was a max limit, other than can't exceed 100%. Thank you.