The Time Is Now!
December 1, 2022 | posted in: Accountants | by Frye Financial
Remind Your Clients To Defer The Maximum To Their 401(k) Plans
To help your clients realize their biggest possible tax savings (as well as to increase their retirement savings), there is no better time than the present to remind them that they should maximize their deferrals to their 401(k) plans. December 31, 2022 is the last day to do so for 2022, so there’s no time to delay! Deferral limits for 2022 are $20,500 with an additional $6,500 for those aged 50 or older.
