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Month: November 2022

401(k) and IRA Limits Increase in 2023

November 6, 2022 relanetAdmin

The IRS has announced that the amount individuals can contribute to their 401(k) plans in 2023 has increased to $22,500, up from $20,500 for 2022. They have also announced increased […]

IRS Announces Tax Inflation Adjustments for 2023

November 6, 2022 relanetAdmin

The Internal Revenue Service has announced the tax year 2023 annual inflation adjustments for manyu tax provisions, including the tax rate schedules and other tax changes. Below are some of […]

The Child Tax Credit is for More Than Just Parents

November 6, 2022 relanetAdmin

Even people who are familiar with the Child Tax Credit (CTC), might not realize that you don’t necessarily have to be the parent of a child in order to qualify. […]

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