Year-end Tax Planning Tips from the National Society of Accountants Current individual income tax rates of 10, 15, 25, 28, 33, 35 and 39.6 percent will be in place for 2015, as will current tax treatment of capital gains and
Tag: retirement
2015 Retirement Plan Contribution Limits
The Internal Revenue Service announced cost‑of‑living adjustments affecting dollar limitations for pension plans and other retirement-related items for tax year 2015. Many of the pension plan limitations will change for 2015 because the increase in the cost-of-living index met the
Taxes and Early Retirement Withdrawals
Taking money out early from your retirement plan may trigger an additional tax. You will receive Form 1099-R from your plan administrator. Here are six things from the IRS that you should know about early withdrawals from retirement plans: An