2020 IRS CONTRIBUTION LIMITS

Craig Wilson

craig@vaultwealthstrategies.com
Taxes
1
MIN READ

IRS Announces Increases to Retirement Plan Savings for 2020

WHAT’S NEW IN 2020?

Why is this important?


Because ​a dollar today won't be worth a dollar tomorrow. This is the impact of inflation, which is why the IRS has changed the limits for what they call a "cost of living adjustment".

If you were right on the edge of qualifying for a Roth IRA but didn't this year, you might next year!

How about all of you who are able to take advantage of an HSA?? Things just got better.

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