LPT: When negotiating salary, always wait for the employer to name a number first. You might get a higher offer than you expected. submitted by /u/UpsetInvestigator538

Employer has not withheld income tax for almost a year I just got my W2 and realized that my employer has not withheld federal income taxes since March of last year. I think there was a clerical error-I received a service award at my place of work that came with a $500 check. Every paystub prior to that award had taxes withheld appropriately, but every paystub after that has a blank next to FIT. Soc…

Employer switched from Simple IRA to 401k. What to do with IRA account? Been with my company for over 5 years. When I started, the only retirement plan they offered was a Simple IRA, which I used. About 3 years in, the company switched over to 401k which I’m actively contributing to. The IRA account is no longer being contributed to and I honestly forgot I had it. I can still login to the account though. There’s not…

How does one hit the $70k 401k (employer + employee) limit? The employee limit is $23.5k, thus the employer contribution would need to be $46.5k. This would necessitate a (nearly) 200% match on employee contributions. Does that policy actually exist somewhere out there? Most of what I see is 50%-100% match up to 4%-6% of income. No matter a person’s income, this structure will never contribute more tha…

What should I know about rolling over my balance from a 401k from a previous employer into a 401k for a new employer? I started a new job and have a new 401k with a different provider. Does it make sense to roll everything over into one account? Are there any tax implications in doing so? submitted by /u/Luke_Atmi

Employer erroneously doubled my 401k contributions Title says it all. I elected part of my profit sharing to fill the 23.5k limit of my 401k. Woke up this morning and it’s 47k! Happened to other employees as well. Other than notifying the company what else should I do? My funds are automatically invested. Should I try to cancel the automatic order and sit on the money in “cash” until they unscre…

Employer is 1 Month behind on Salary Payments Hello my company is going through tough times and may fold soon. They are 2 paychecks behind on payments (they were 3 but recently paid one payment 2 weeks ago). I’m still being asked to do usual job duties but it’s gotten to the point I need to make a move. In Texas do I qualify for un employment in my situation? Having a hard time reaching Tex…

Received a 2024 1095-C from an employer I stopped working for in 2023 So I worked for this employer until May of 2023 but did not have any coverage of insurance after January 2023 due to dropping hours to student teach. I did not work a single day for this employer in 2024 but received a 1095 c with codes stating I wasn’t employed as of October 2024. I know they are not necessary for filing taxes but is this a con…

My employer contributes 15% to my 401k. Should I invest more? I recently got a new job. I am 23 years old. This is my first job with a 401k and I am brand new to investing. My employer automatically contributes 15% of what I make, to my 401k. This doesn’t come out of my paycheck. They don’t do any kind of 401k matching. I have read multiple times that 15% of my income is what I should be saving for retire…

Owing federal tax for first time ever and not sure why… is it because my income went down? Or is my employer not withholding enough? I’m confused! Hi y’all. Happy tax season. Please be kind to me in your responses (but also explain it to me like I’m five) because I’ve tried to do my own research and figure out the situation, but tax jargon just isn’t making sense to me right now under the stress of having to owe. I’m already very low-income so owing even $312 is huge, that’s nearly a week’…

Rolled over Roth 401k into Roth IRA. Didn’t realize employer match was pretax. Although it seems it may be common knowledge, I was unaware that not all of the money in my Roth 401k was Roth. After I left my previous job last year, I rolled over my Roth 401k (& employer match) into my Roth IRA with Vanguard. As you can guess, I have a fat tax bill on the employer match portion of my Roth 401k. Is there anything I can do at …

Employer provided me with a W9 instead of a W4 Hey yall, Recently got a part-time position that is sub 20 hours a week. The only employment form I recieved was a W-9, I’m very much used to an I9 and W4. Is there any obvious tax implications for this on my end? Thanks! submitted by /u/DildoWilliumz

wrong W-2 and employer refuses to correct it so a little backstory i worked at this job for a couple months and everytime i got my paystub it had the wrong last name, the wrong address, wrong city and everything on them. i told my manager multiple times it needed fixed and she assured me it would be (it never got fixed) fast forward to now im not working there anymore and i receive my W-2 …

My daughter’s former employer refuses to mail W2 forms to ex employees. Is this legal? The establishment is telling ex employees they need to pick up the forms in person. My daughter’s currently away at college and that seems unreasonable. submitted by /u/jankie_toe

My current employer refuses give a full W2 form So I started working at this small business last year for experience in a new industry. Initial plan was to work for 12 months. I was hired and told I would get paid $xyz. I was paid using ADP for two months before the employer suffered a loss of revenue. In the meantime, I was still employed but worked less than 40 hours a week for three month…

Employer bonus to 529? I am fortunate to receive an annual $30k bonus EOY. I end up netting about about $18k and was wondering if there was a better stately I might be able to apply to this bonus. What if I asked my boss in lieu of a traditional bonus to make a gift contribution of the same amount into my children’s 529’s. On my end we would see the full untaxed amoun…

Old employer went out of business. Worried about not getting a W-2 I left months before my job laid everyone off. I stayed in contact with some people and learned that no one received their last paycheck and there is an ongoing court case going on. Because of this, I am assuming I will not get sent a W-2. We used paycom, but I don’t have access to it anymore. I also don’t have a copy of my last paycheck. What …

MBDR w/ Employer Match Vesting Schedule My wife’s new job has a 410k with a generous match, but it will vest over 4 years (25%/yr, starting after her 1st year). We want to max out the MBDR for the year, but we aren’t sure how to account for the match. It seems unvested contributions are being added, but since they don’t vest until next year, am I right to assume that they don’t count …

New employer does Simple IRA through Edward Jones Hi all, my new employer’s retirement plan is a Simple IRA through Edward Jones with a 3% match. The account is managed by a financial advisor. I would assume they do take commissions, however when I asked my employer about this he said that the company pays for whatever fees/commissions. I’m just wondering if anyone’s heard of something like thi…

Employer “may” make contributions to 401k? I’m currently enrolled in my company’s 401k plan. The enrollment started at a minimum of 6% and I’ve kept it that way. When we were told about the plan initially it was under the assumption it was employer matched. However, during the time I’ve been enrolled I haven’t seen any information regarding an outright match. I asked around to some cowor…