IRS Announces 2020 IRA and 401(K) Contributions Amounts
On November 6, 2019, the IRS announced the 401(k) and IRA Contribution limits for 2020. Individuals over age 50 may make a catch-up contribution of $1,000 for a total transfer of $7,000 in 2020.
Read the full article and learn more about the possible tax advantages for IRS and 401(K) contributions
here
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You may be looking for a way to make a big difference to help further our mission. If you are 70½ or older you may also be interested in a way to lower the income and taxes from your IRA withdrawals. An IRA charitable rollover is a way you can help continue our work and benefit this year. Call us today.