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We had 39000 taken out from our payroll last year and put into the company 403b plan. Now we realize that this is more than the 25000 allowed. (19000 + 6000 over 50 years old) How can we handle this over amount of 14000?

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    In the question you use the phrase "We", but do you mean "you". – mhoran_psprep Jan 30 at 20:11
  • Does the company belong to you as in "our payroll"? Or is it that you are an employee of a company that is not under your direct control? Usually, company payroll systems cut off contributions to 403(b) or 401(k) plans when then limit is reached. – Dilip Sarwate Jan 30 at 20:36
  • I had 39000 taken from my payroll. Excess amount of 14000 was taken out for me as employee – Dave Gartner Jan 30 at 20:45

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