Federal, State, Local and International Taxes - Taxpayers May Contribute up to $17,500 to their 401(k) plans in 2013. The IRS announced cost of living adjustments affecting dollar limitations for pension plans and other retirement-related items for Tax Year 2013. In general, many of the pension plan limitations will change for 2013 because the increase in the cost-of-living index met the statutory thresholds that trigger their adjustment. However, other limitations will remain unchanged because the increase in the index did not meet the statutory thresholds that trigger their adjustment. Considering a Tax Professional? For no obligation free consultation contact us today!ABA Tax Accounting
10 Kasım 2012 Cumartesi
IRS Announces 2013 Pension Plan Limitations
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Federal, State, Local and International Taxes - Taxpayers May Contribute up to $17,500 to their 401(k) plans in 2013. The IRS announced cost of living adjustments affecting dollar limitations for pension plans and other retirement-related items for Tax Year 2013. In general, many of the pension plan limitations will change for 2013 because the increase in the cost-of-living index met the statutory thresholds that trigger their adjustment. However, other limitations will remain unchanged because the increase in the index did not meet the statutory thresholds that trigger their adjustment. Considering a Tax Professional? For no obligation free consultation contact us today!ABA Tax Accounting
Federal, State, Local and International Taxes - Taxpayers May Contribute up to $17,500 to their 401(k) plans in 2013. The IRS announced cost of living adjustments affecting dollar limitations for pension plans and other retirement-related items for Tax Year 2013. In general, many of the pension plan limitations will change for 2013 because the increase in the cost-of-living index met the statutory thresholds that trigger their adjustment. However, other limitations will remain unchanged because the increase in the index did not meet the statutory thresholds that trigger their adjustment. Considering a Tax Professional? For no obligation free consultation contact us today!ABA Tax Accounting
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