Each year, dollar limits for various employee benefit and tax-related items are updated based on the rate of inflation. Here’s an overview of key items updated for 2025 announced by the IRS within the last couple of weeks: The 401(k)…
If you have a tax-saving flexible spending account (FSA) with your employer to help pay for health or dependent care expenses, there’s an important date coming up. You may have to use the money in the account by year-end or…
Now that Labor Day has passed, the holidays are just around the corner. Many people may want to make gifts of cash or stock to their loved ones. By properly using the annual exclusion, gifts to family members and loved…