A Blog by Distinct Tax Consulting Group

July 1, 2020

WASHINGTON — The Internal Revenue Service today announced that employees in 401(k) plans will be able to contribute up to $19,500 next year.

September 12, 2019

As a general rule, distributions from IRAs and qualified retirement plans are subject to a 10% early distribution penalty if the taxpayer does not meet one of the exceptions described under IRC sectio...

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