A Simple Explanation of Tax Withholding, Tax Returns and Tax Refunds

A Simple Explanation of Tax Withholding, Tax Returns and Tax Refunds

It's tax time ladies and gentlemen. Recently, I did a simple explanation of how tax brackets work. Now, it's time to talk about some other aspects of taxes. After all, it's an apt time to discuss taxes in general as the tax return due date is 4/15. That's just slightly more than a month away. [...]

401k and IRA contributions limits for 2019 are going up!

401k and IRA contributions limits for 2019 are going up!

Our good pal, the IRS has issued guidance on contribution limits for 2019. The news is good for those already maxing out their tax-advantaged space or planning to do so next year. According to the IRS news release, 401k, 403b and most 457 plans are changing from an $18,500 max to $19,000 next year. That's [...]