2012 Tax Benefits to Increase Due to Inflation

The IRS has just announced Cost of Living Adjustments to various items for tax year 2012. Of interest to a lot of people should be the increase to 401(k) from $16,500 to $17,000—an increase of $500. I’m still not at the max for this year. Deducting $708.33 a pay check would be way too much […]