I’m sorry, but who doesn’t want up to $359,429 tax-free?
These are just some of the key reasons why you should look into a High Deductible Health Plan (HDHP) and a Health Savings Account (HSA).
Straight from Tax Horse’s Mouth —> New 401(k) limit for 2024 of $23,000 (below age 50) and $30,500 (age 50 catch-ups)
Straight from the Tax Horse’s Mouth - 401(k)/403(b)/most 457 plan limits increase to $23,000 (if under age 50), and $30,500 (if age 50+). IRA/Roth IRA limits increase to $7,000 (under age 50), and $8,000 (if age 50+).
Pass-through entity (PTE) elective tax - don’t snooze through 06/15/22!
Are you an owner of a California qualifying pass-through entity such as an S corporation or partnership? Make your elective estimated tax payment before June 15 for the tax years 2022 through 2025.