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2022 Contribution Limits
By Anne ZavagliaPosted on November 30th, 2021
The IRS has announced Cost-of-Living adjustments for contribution limits to 401(k)s and other qualified plans for 2022. Contributions to IRAs will remain the same. See […]
Learn More$1.2T Infrastructure Bill passes while the Build Back Better Act still hangs on the line
By Anne ZavagliaPosted on November 8th, 2021
The Infrastructure Bill passed in the House late Friday, and is expected to go to President Biden to be signed into law. The Infrastructure bill, […]
Learn MoreProposed Tax Legislation
By Anne ZavagliaPosted on September 29th, 2021
The House Ways and Means Committee released their proposed budget reconciliation recommendations in September as part of the Build Back Better Act. The tax legislation […]
Learn More401(k) Lifetime Income Illustrations
By Anne ZavagliaPosted on September 3rd, 2021
The SECURE Act, signed into law in 2019, requires sponsors of 401(k), and similar workplace retirement plans, to include two lifetime income illustrations at least once […]
Learn More$3.5 Billion Budget Plan Gets House Approval
By Anne ZavagliaPosted on August 26th, 2021
The House passed a $3.5 trillion budget resolution this week, and set forth plans to vote on the bipartisan infrastructure bill by the end of […]
Learn More$1.2 Trillion Bipartisan Infrastructure Plan
By Anne ZavagliaPosted on August 3rd, 2021
Senate Democrats and Republicans came together at the end of July to begin working on an infrastructure spending plan with bipartisan support. The full text […]
Learn MoreSmall Business Tax Fairness Act
By Anne ZavagliaPosted on July 30th, 2021
The Small Business Tax Fairness Act, introduced in July by Senate Finance Committee Chair Ron Wyden, D-Ore., would expand eligibility for middle-income “service” business owners […]
Learn MorePPP Loan Forgiveness Made Easier
By Anne ZavagliaPosted on July 30th, 2021
The Small Business Administration (SBA) opened an online “Direct Forgiveness” portal on August 4th. The portal is designed to simplify the forgiveness process for borrowers […]
Learn More2021 Child Tax Credit
By Anne ZavagliaPosted on July 29th, 2021
The American Rescue Plan, signed into law by President Biden this past March, increases the child tax credit for 2021 for many taxpayers. Those with […]
Learn MoreShould you take advantage of a Roth 401(k)?
By Anne ZavagliaPosted on July 7th, 2021
If you have a 401(k) or other workplace retirement plan that offers a Roth option, you should consider taking advantage of it. Unlike pre-tax deferrals, […]
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