The IRS has announced the 2015 contribution limits for both employer-sponsored plans and individual retirement accounts (IRAs). Increased limits may provide individuals and businesses with opportunities for additional tax savings in the coming year. Employer-sponsored Plans 401(k), 403(b), and most 457 plans. In 2015, employees may defer up to $18,000 in earnings...
Read MoreOn December 19, President Obama signed legislation extending a number of tax breaks that had expired at the end of 2013. For many individuals and businesses, these deductions and credits can provide substantial tax savings for the 2014 tax year. Below are some of the more significant provisions in the extender package. Individuals State and Local Sales Tax...
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