401(k) Contribution Increases For 2023

Nov 3, 2022 | IRA

The 401(k) limit increases to $22,500 for 2023, and the IRA limit rises to $6,500 The IRS announced that the amount individuals can contribute to their 401(k) plans in 2023 has increased to $22,500, up from $20,500 for 2022. The IRS today also issued technical...

IRS Announces 401K Limit Increase

Nov 8, 2021 | IRA, IRS

The Internal Revenue Service announced that the amount individuals can contribute to their 401(k) plans in 2022has increased to $20,500, up from $19,500 for 2021 and 2020. The IRS also issued technical guidance regarding all of the cost‑of‑living adjustments affecting...

Filing Deadline Extended to July 15

Mar 20, 2020 | IRA, tax season

U.S. Treasury Secretary announces on Twitter This morning, U.S. Treasury Secretary Steven Mnuchin announced via Twitter: “At @realDonaldTrump’s direction, we are moving Tax Day from April 15 to July 15. All taxpayers and businesses will have this additional time...

Still Time To Contribute to Your IRA

Nov 11, 2019 | IRA

Whether you are a veteran in your career or you are working an hourly job you still have time to contribute to your Traditional IRA if you were under 70 years and 6 months old by the end of 2019 and receive taxable compensation. IRA or individual retirement accounts...