WS4R Blog and More!

Tag WS4Retirement

2020 IRS 401k Limits

New Limits for 2020 The Internal Revenue Service (IRS) published updated limits for contributions to a 401(k) plan in 2020: Elective deferral limit for Pre-Tax and/or Roth contribution increased from $19,000 to $19,500 Annual contribution limit, including Company Match, increased from $56,000… Continue Reading →

2020 IRS Wage Base

Social Security Wage Base: Increase for 2020 Description 2020 2019 Increase Social Security Rate 6.2% 6.2% -0- Social Security Wage Base $137,700 $132,900 $4,800 Max. Social Security Tax $8,537.40 $8,239.80 $297.60 Medicare Tax Rate 1.45% 1.45% -0- Medicare Tax Rate… Continue Reading →

© 2020 WebSpace4Rent — Powered by WordPress

Theme by Anders NorenUp ↑