2022 Plan Limits

Posted By: Saaib T. Uppal, CPA, QKA IRS Announces Increases on Benefits and Contributions Dollar Limitations for 2022 The IRS has announced cost-of-living adjustments that should be noted for retirement planning purposes.   Below is a chart that outlines employee benefit plan limits for 2022   Plan Limits   RETIREMENT & SOCIAL SECURITY 2022 Limit 2021 Limit 2020 Limit Section … Continued

2021 Plan Limits – IRS Announces Increases on Benefits and Contributions Dollar Limitations

Posted by Saaib T. Uppal, CPA, QKA The IRS has announced cost-of-living adjustments that should be noted for retirement planning purposes. Below is a chart that outlines employee benefit plan limits for 2021: PLAN LIMITS RETIREMENT & SOCIAL SECURITY 2021 Limit 2020 Limit 2019 Limit Section 401(k), 403(b), 457(b) elective deferrals  $19,500  $19,500  $19,000 401(k) or 403(b) catch up contributions … Continued

2020 Plan Limits – IRS Announces Increases on Benefits and Contributions Dollar Limitations

Posted by Saaib T. Uppal, CPA, QKA The IRS has announced cost-of-living adjustments that should be noted for retirement planning purposes. Below is a chart that outlines employee benefit plan limits for 2020: PLAN LIMITS RETIREMENT & SOCIAL SECURITY 2020 Limit 2019 Limit 2018 Limit Section 401(k), 403(b), 457(b) elective deferrals  $19,500  $19,000  $18,500 401(k) or 403(b) catch up contributions … Continued

401k Audit Delaware

Never Too Early for New Year’s Resolutions

Every year, right around December 31st (and closer to January 1!), we sit down and start to draft up resolutions for the upcoming new year. Whether it’s aiming for a healthier life style, setting aside for targets at work, or perhaps being more fiscally responsible, it’s important to not only make these goals, but to have a plan in place for accomplishing them as well.