401(k) contribution limit increases The contribution limit for any employees who participate in 401(k), 403(b), most 457 plans, and the federal government’s Thrift Savings Plan increases from $19,000 to $19,500. The catch-up contribution limit for employees aged 50 and over…
Standard mileage rates issued by IRS for 2020 The Internal Revenue Service issued the 2020 optional standard mileage rates used to calculate the deductible costs of operating an automobile for business, charitable, medical or moving purposes. Beginning on Jan. 1,…
Four Common Tax Errors That Can Be Costly For Small Businesses A small business owner often wears many different hats. They might have to wear their boss hat one day, and the employee hat the next. When tax season comes…
Taxpayers should watch out for gift card scam Taxpayers should always be on the lookout for scams, even gift card scams. Thieves want to trick people in order to steal their personal information, scam them out of money, or talk…
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