If you own a business and don’t have a tax-advantaged retirement plan, it’s not too late to establish one and reduce your 2018 tax bill. A Simplified Employee Pension (SEP) can still be set up for 2018, and you can make contributions to it that you can deduct on your 2018 income tax return. Contribution
retirement contributions Archives - Crawford Ellenbogen
Dec 10, 2019
3 last-minute tips that may help trim your tax bill
- By Ellenbogen
- Financial Planning, Taxes
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Mar 13, 2019
There’s still time for small business owners to set up a SEP retirement plan for LAST year
- By Ellenbogen
- Business, Retirement, Taxes
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Jan 15, 2019
You may be able to save more for retirement in 2019
- By Ellenbogen
- Retirement, Taxes
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Retirement plan contribution limits are indexed for inflation, and many have gone up for 2019, giving you opportunities to increase your retirement savings: Elective deferrals to 401(k), 403(b), 457(b)(2) and 457(c)(1) plans: $19,000 (up from $18,500) Contributions to defined contribution plans: $56,000 (up from $55,000) Contributions to SIMPLEs: $13,000 (up from $12,500) Contributions to IRAs: