Do you want to tax-defer more money in for 2014, and lower your taxable income? Take advantage of participating in one or both of the voluntary retirement plans WSU offers, in addition to the employer-matched retirement plans eligible employees are required to participate in. You can contribute as little as $15 a pay period to a voluntary plan, up to a potential of $23,000 a year for 2014. And, you could possibly tax-defer up to a maximum of $28,550 to $46,000 in 2014.
As the calendar year begins coming to an end, you may wish to take advantage of these programs in order to have them count in the 2014 tax year.
- All requests submitted by November 14, will impact your December 10 and 24 paychecks
- Submission made between November 16 and the 30 will only be taken on the December 24th paycheck
- Any requests submitted in December will be too late for 2014, and will be reflected on the 2015 tax year.
Visit HRS’s Voluntary Investment Plan webpage for more information. Questions can be directed to 509-335-4521 or hrs@wsu.edu.
