One is free from federal and state tax up to $23K (well $30.5K for me this year - check my username) and one is free from Federal, State and FICA up to $4250 if you’re single or $8500 if married.
That means I can shelter $39K from taxes.
That $20K is over half the allowable amount.
One is free from federal and state tax up to $23K (well $30.5K for me this year - check my username) and one is free from Federal, State and FICA up to $4250 if you’re single or $8500 if married.
That means I can shelter $39K from taxes.
That $20K is over half the allowable amount.