Posts made in December, 2014

2015 Contribution Limits for Retirement Accounts

By on Dec 30, 2014 in Uncategorized | 0 comments

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...

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Congress Passes Extender Legislation for 2014

By on Dec 30, 2014 in Uncategorized | 0 comments

On 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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