401(k) plan highlights of the SECURE Act

401(k) plan highlights of the SECURE Act

Late last year, Congress passed, and the President signed into law, the Setting Every Community Up for Retirement Enhancement Act (SECURE Act). Among its most notable rule changes are those pertaining to 401(k) plans. Here are some key highlights. New tax credit...
4 new tax law changes that may affect your retirement plan

4 new tax law changes that may affect your retirement plan

If you save for retirement with an IRA or other retirement plan, you’ll be interested to know that Congress recently passed a law that makes significant modifications to these accounts. The SECURE Act, which was signed into law on December 20, 2019, made these four...
Congress gives a holiday gift in favorable tax provisions

Congress gives a holiday gift in favorable tax provisions

As part of a year-end budget bill, Congress just passed a package of tax provisions that will provide savings for some taxpayers. The White House has announced that President Trump will sign the Further Consolidated Appropriations Act of 2020 into law. It also...
New tax law temporarily expands bonus depreciation

New tax law temporarily expands bonus depreciation

The Tax Cuts and Jobs Act (TCJA) enhances some tax breaks for businesses while reducing or eliminating others. One break it enhances — temporarily — is bonus depreciation. Most TCJA provisions go into effect for the 2018 tax year. But you might be able to benefit from...