401(k) and IRA Limits Increase in 2023

The IRS has announced that the amount individuals can contribute to their 401(k) plans in 2023 has increased to $22,500, up from $20,500 for 2022. They have also announced increased contribution limits for Individual Retirement Arrangements (IRAs). Highlights of changes for 2023 The contribution limit for employees who participate in 401(k), 403(b), most 457 plans,
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IRS Announces Tax Inflation Adjustments for 2023

The Internal Revenue Service has announced the tax year 2023 annual inflation adjustments for manyu tax provisions, including the tax rate schedules and other tax changes. Below are some of the highlights of these changes. Highlights The tax year 2023 adjustments described below generally apply to tax returns filed in 2024. The tax items for
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2022 Tax Brief

There have been a lot of changes to the tax code over the last year. The Inflation Reduction Act, the American Rescue Plan of 2021, and other Congressional action have all changed some of the rules that govern how you will be taxed. Some of the significant changes are summarized in this short PDF, which
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