Author: Brad

Tax Scams

Tax Scams

Tax season is upon us and, unfortunately, with that comes a variety of tax fraud.  These scams often involve phone calls, phishing, identity theft and fraudulent accountants.  Phone scams are one of the most prevalent forms of fraud and have cost victims more than $72 million since October 2013.  The good news is that data…

Highlights of Changes for 2020 Retirement Plan Contribution Limits

Highlights of Changes for 2020 Retirement Plan Contribution Limits

Great news for savers! The IRS announced today that taxpayers will be able to contribute $19,500 for employees who participate in 401(k), 403(b), most 457 plans and the Federal Government’s Thrift Savings Plan, up from $19,000 in 2019.  The catchup contribution limit for employees age 50 and over who participate in these plans has increased…