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IRS Increases 401(k) Contribution Limit to $18,500 in 2018

IRS increases 401(K) contribution limit to $18,500

Once again, the Internal Revenue Service has tacked on another $500 to its 401(k) contribution limit for 2018 — that’s one of the highlights of the IRS’ newly unveiled schedule of tax rates, deductions, credits and exemptions for that year.

Don’t Miss These Tax Deductions And Tax Credits

Filing your annual income taxes can be a confusing process, especially if you do your own taxes. While tax preparation software has made filing personal income taxes much easier, the programs are only as good as the information entered into to them. If you forget to add in all of the tax deductions and tax […]

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Disclaimer: Fin Engr, James, Renee, the rest of the team and guest posters are not financial professionals. Information provided is for informational and entertainment purposes only and does not constitute financial advice. This website is intended to provide general information and does not attempt to give you advice that relates to your specific situation.*The Ads expressed herein are exclusively those of the Advertiser. They do not necessarily reflect our personal or professional beliefs.