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Does the 100-percent-of-pay limit apply to gross income or net income?

April 26, 2017gross income limit net income

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Does the 100-percent-of-pay limit apply to gross income or net income?

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The 100-percent-of-pay limitation on contributions to all tax-qualified defined contribution plans applies to gross income, not net income. Prior to 2002, this limit was 25 percent of pay.