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Archive for November, 2017

  • 1. IRS INCREASES PENSION PLAN LIMITS BY $500 PER YEAR BEGINNING IN 2018: Recently, the Internal Revenue Service (IRS) announced an increase for the maximum amount taxpayers can contribute to their retirement and pension accounts, such as 401(k)s, 403(b)s, most 457 plans and the IRS’s Thrift Savings Plan. Taxpayers can decide what percentage of their income they want to automatically transfer into a pension plan such as those named above,

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