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Human Resources and Payroll 4400 University Drive, MS 3C3, Fairfax, Virginia 22030 Phone: 7039932600; Fax: 7039932601GEORGE MASON UNIVERSITY TAX DEFERRED SAVINGS PLAN 403(b) SALARY REDUCTION AGREEMENT
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What is tax deferred savings plan?
A tax deferred savings plan is an investment account that allows individuals to save for retirement while deferring taxes on the growth of the investments until withdrawals are made.
Who is required to file tax deferred savings plan?
Individuals who have a tax deferred savings plan, such as a 401(k) or an IRA, are required to report it on their tax return.
How to fill out tax deferred savings plan?
To fill out a tax deferred savings plan, individuals need to report the contributions made to the plan, any gains or losses on investments, and any withdrawals or distributions taken.
What is the purpose of tax deferred savings plan?
The purpose of a tax deferred savings plan is to help individuals save for retirement by providing tax advantages, such as tax-deferred growth and potential tax deductions for contributions.
What information must be reported on tax deferred savings plan?
Information that must be reported on a tax deferred savings plan includes contributions made, gains or losses on investments, and withdrawals or distributions taken.
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