Tax Year 2015 Allowable Contributions

Good News about Allowable Contribution Limitations

Between 2013 and 2014, business owners and wage-earning employees saw almost no increases in allowable contribution and elective deferral limitations. Tax year 2014 was characterized by increased tax rates, increased wage limits for social security tax and numerous other indexed items. These limitations effectively took more out of tax payers take home pay, and did […]

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