2021 vs 2020 Maximum 401k Contribution Limits

[Updated with possible 2021 401k limits] The IRS will soon be releasing 2021 401k limits, which should see little to no change from 2020 levels. The table below shows what the estimated 2021 contribution limits for 2021 and the current year the individual/employee level. Click …

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Do Republican Health Care Changes to Repeal Obamacare Impact You?

The Senate has announced their health care plan –  the BETTER CARE RECONCILIATION ACT (BCRA) – which is in line with the house bill, with key changes being made to appease more moderate Republicans. NPR had a nice summary comparing Obamacare, AHCA (House bill) and BCRA (Senate bill) …

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2017 Income Tax Withholding Allowance

Updated income-tax withholding tables for 2017 have been released by the IRS. In 2017 the amount for one withholding allowance on an annual basis is $4,050 (same as 2016). Employers will start using the revised withholding tables and correct the amount of Social Security tax …

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