B-Fund deductibility: both spouses pilots
#1
On Reserve
Thread Starter
Joined APC: Sep 2011
Posts: 16
B-Fund deductibility: both spouses pilots
Is any one of you a pilot for a major which has a 401(a) fund (annual contribution limit around $55,000) who also has a spouse for a major with the same type of plan?
Are ALL the contributions non-taxable or is there some sort of other maximum annual contribution for married, dual-earners, filing jointly?
Thanks!
Are ALL the contributions non-taxable or is there some sort of other maximum annual contribution for married, dual-earners, filing jointly?
Thanks!
#2
Gets Weekends Off
Joined APC: Dec 2008
Position: 777 Cap
Posts: 199
You both can make the maximum contribution.
The only issue I can think of is income limit for Roth outside of the plan.
As far as company and employee contributions, within the plan, each up to the 415(c) limits no problem.
The only issue I can think of is income limit for Roth outside of the plan.
As far as company and employee contributions, within the plan, each up to the 415(c) limits no problem.
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