Tag Archives: deductions

IRS Releases 2013 Contribution Limits

Posted on October 19, 2012 by Kohler & Smith Co., LPA

The IRS has raised the contribution limits for most 401(k)s, 403(b)s, and 457 plans to $17,500 for 2013, up from $17,000 in 2012.  Further, employees who are over 50 can contribute an additional $5,500 as a catch-up contribution to their … Continue reading →

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Tax Breaks: Here Today, Gone Tomorrow?

Posted on January 18, 2012 by Kohler & Smith Co., LPA

Much has been written and debated about the payroll tax cut extension passed by the U.S. Congress late in 2011.  Much less has been written about all of the other popular credits and deductions that were not extended along with … Continue reading →

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