Newsletter

2020 Auto Mileage RatesĀ 

Business use = 57.5 cents/mile, Charity = 14 cents/mile, Medical/Move = 17 cents per mile

(2019 rates: Business use = 58 cents/mile, Charity = 14 cents/mile, Medical/Move = 20 cents per mile)

2019 & 2020 Retirement Plan LimitsĀ 

Plan Types
401(k) Deferral Limit 2019:$ 19,000 2020:$ 19,500
Catch-up Deferral Limit 2019:$ 6,000 2020:$ 6,500
DC Annual Addition Limit 2019:$ 56,000 2020:$ 57,000
Compensation Limit 2019:$280,000 2020:$285,000