Boost Your Retirement Savings In 2023
The IRS recently announced cost-of-living adjustments to pension and retirement fund contributions beginning in 2023. Contribution limits for 401(k), 403(b), most 457 plans and the federal government’s Thrift Savings Plan will rise to $22,500 from $20,500. The...
Electric Vehicle Tax Credit Changes Effective Immediately
The Inflation Reduction Act introduces a number of significant changes to the tax credit for new electric vehicles. These changes will phase in over time. Effective immediately (after August 16, 2022), the tax credit is only available for qualifying electric vehicles...
Have You Considered Utilizing Your HSA as a Savings Tool?
Individuals covered by a qualifying high-deductible health insurance are eligible for a Health Savings Account. The Health Savings Account (HSA) can be a good tool for saving for your future healthcare needs. The money you contribute to your HSA comes from pre-tax...
2022 Retirement Contribution Limits & Amounts Announced
The IRS recently announced updated retirement contribution limits and amounts for tax year 2022. These changes mean you may be able to increase your retirement contributions for next year. Please refer to the chart below for more details regarding this topic. If you...