 IRS SpecialsThe IRS has special section codes that allow specialized saving programs. 403B, 401K, and IRA, are a few and there are others related to the self-employed. Here you will fine some information on how three of the special section codes work.
403B A 403(b) plan, also known as a tax-sheltered annuity (TSA) plan, is a retirement plan for certain employees of public schools, employees of certain tax-exempt organizations, and certain ministers.. >more
401K  A section 401(k) plan is a type of tax-qualified deferred compensation plan in which an employee can elect to have the employer contribute a portion of his or her cash wages to the plan on a pre–tax basis... >more
IRA  An individual retirement arrangement, or IRA, is a personal savings plan which allows you to set aside money for retirement, while offering you tax advantages... >more |