by KNSS | Dec 1, 2017 | 2017 Year End Newsletter
It’s not too late to cut your 2017 tax bill.? Prior to Dec. 31st: Increase your 401(k) and 403(b) contributions if you haven’t been contributing at the maximum rate all year. This year you can put away up to $18,500 ($24,500 if 50 or older) into your...
by KNSS | Dec 1, 2017 | 2017 Year End Newsletter
With the end of the 2017 calendar year quickly approaching, reviewing your specific tax situation may be tax-wise to help reduce your income taxes as well as possible underpayment of tax penalties. Year-end planning techniques to reduce your taxable income or increase...
by KNSS | Dec 1, 2017 | 2017 Year End Newsletter
Most working professionals have access to a 401(k) plan or a 403(b) plan at work.? Amounts contributed to these plans generally reduce your taxable earnings and always grow tax deferred.? You can contribute up to $18,500 into a 401(k) or 403(b) plan through salary...
by KNSS | Dec 1, 2017 | 2017 Year End Newsletter
These days, most 401k and 403b plans give their participants the option of contributing to the “traditional” version or the “Roth” version. With the traditional version, the amount you contribute reduces your taxable income in the current year,...
by KNSS | Nov 30, 2017 | 2017 Year End Newsletter
Most working professionals have access to a 401(k) plan or a 403(b) plan at work.? Amounts contributed to these plans generally reduce your taxable earnings and always grow tax deferred.?You can contribute up to $18,500 into a 401(k) or 403(b) plan through salary...
by KNSS | Nov 30, 2017 | 2017 Year End Newsletter
With the end of the 2017 calendar year quickly approaching, reviewing your specific tax situation may be tax-wise to help reduce your income taxes as well as possible underpayment of tax penalties. Year-end planning techniques to reduce your taxable income or increase...
