Browsing Tag
Internal Revenue Service (IRS)
82 posts
IRS Bumps 2022 401k Contribution Limit By $1,000
Catch-up contribution limits, annual IRA contribution limits remain unchanged
Cycle 3 Restatement Deadline for 401k Plan Documents Approaching
While deadline looms July 31, 2022, now is the time to make sure plan sponsors are on track to rewrite, approve and adopt plan documents for “Post PPA” restatement cycle
IRS Releases 2022 HSA Contribution Limits
The IRS is out with increased health savings account (HSA) contribution limits for the coming year, and both…
Biden’s War on Wealth: 4 Proposals to Raise Tax Revenue
On Wednesday, President Joe Biden announced details of his latest domestic spending proposal called The American Families Plan,…
IRS Extends Tax Deadlines, Provides Relief for Texas Storm Victims
The Internal Revenue Service (IRS) announced on Monday that victims of this month’s winter storms in Texas will…
Warren Buffet Pushes for PPP2: ‘It’s Economic War’
Warren Buffett hearts small businesses. The Berkshire Hathaway chairman and “Oracle of Omaha” spoke with CNBC’s Becky Quick…
IRS Says ‘No’ to Tax Deductibility of PPP Loans
Loan forgiveness or tax deductibility, you can’t have both. It’s the latest guidance from the Treasury Department and…
2021 401(k) Contribution Limits Released: IRS
As was widely expected, 401k contribution limits will not increase in 2021, the Internal Revenue Service (IRS) announced…
IRS Deadline to Return Unwanted 2020 RMDs Fast Approaching
Time is running out for retirement account holders to roll back any unwanted required minimum distributions (RMDs) they…
IRS Reminds Seniors: No RMD in 2020
The Internal Revenue Service is reminding seniors and retirees that they are not required to take money out of…