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  2. Retirement’s Best Kept Secret: The Annual Saver’s Tax Credit

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    voluntary after-tax employee contributions made to a qualified retirement plan (including the federal Thrift Savings Plan) or 403(b) plan, contributions to a 501(c)(18)(D) plan, or

  3. Retirement Taxes Deadline: Required Minimum Distributions ...

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    The IRS calculates the required minimum distribution for each account by dividing the prior Dec. 31 balance of that retirement plan account by a life expectancy factor that the IRS publishes in...

  4. New IRS Life Expectancy Tables Could Change the Amount of ...

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    The new tables “give you about one to two years more in life expectancy,” Slott said. CNBC used this example: Under the new uniform life table, a 75-year-old would use 24.6 as their factor. If the...

  5. What Are the 2020-2021 Federal Tax Brackets and Tax Rates?

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    The standard deduction for joint filers increases by $300 over 2020 levels to $25,100 in 2021. For individuals, it rises by $150 to $12,550. As mandated by the Tax Cuts and Jobs Act, the personal...

  6. IRS Tax Brackets: Here’s How Much You’ll Pay in 2021 on What ...

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    For tax year 2020, the standard deduction rises from 2019 levels to $12,400 for single filers, $24,800 for married filing jointly, $12,400 for married filing separately and $18,650 for heads of...

  7. Retirement 2022: IRS Announces New COLA Guidance, 401(k) and ...

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    The Internal Revenue Service recently announced that the amount individuals can contribute to their 401 (k)s in 2022 has officially increased to $20,500. This is a $1,000 increase from 2021 and ...

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