2015 Tax Tips

Posted on Mar 9, 2015

April 15th will soon be at our doorstep and 2015 brings some tax changes that make planning ahead important.  Employer Plan Contribution Limits.  The contribution limits for 401k plans, 403b and 457 plans is now $18,000 for 2015, a $500 increase from 2014.  The catch-up contribution limit increases to $6,000 in 2015 for a total contribution limit of $24,000 for employees age 50 and older.  If you are maximizing your contribution into your employer plan, make sure you update your payroll deferral amounts to reflect the change.  IRA Contributions.  If you weren’t eligible to...

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