A 457(b) plan is an employer-sponsored retirement savings account with tax benefits. With this plan, you contribute pre-tax money to your salary, and that money will not be taxed until...
Posted by KLSM CPA Firm PLLC on 04/20/2021
Freelancers often have much more freedom than their traditionally hired colleagues, but they also face unique challenges. One of the most important is the lack of an employer-sponsored...
Posted by Dennis Jao on 03/31/2021
Thanks to the Internal Revenue Service's (IRS) cost-of-living adjustment, you can save more money on retirement plans and health savings accounts (HSAs) by 2020. This year, good...
Posted by Elliot Kravitz, ATP on 10/14/2020
The Internal Revenue Service has announced new, higher contribution limits for health savings accounts for the year 2021. A person will be allowed to contribute $3, 600 for individual...
Posted by Daniel P Vigilante CPA and Profit Consultants on 07/17/2020
Employers and employees all make contributions for retirement purposes every year. Internal Revenue Service is responsible for the collection of taxes and the enforcement of tax laws....
In the year 2020, how much do you think you can save for retirement? The 401(k) contribution limits are up, traditional IRA contribution limits stay the same, and almost all the numbers...
Posted by Debi G Hill, CPA on 12/28/2019
