Tag Archives: IRA

Saver’s Credit Now Available to Help Low and Moderate Income Workers Save for Retirement

In 2014, and future years to come, low to moderate income families will be eligible for the saver’s credit. The saver’s credit, also known as the retirement savings contribution credit, will assist in offsetting a portion of the first $2,000 … Continue reading

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2015 Retirement Plans Increase

On October 23, 2014, the IRS announced their annual cost-of-living adjustments for retirement plans.

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Limit on IRA Rollovers

As indicated earlier in the year, the IRS has implemented a  limit of one rollover per year, on a cumulative basis and not on an individual IRA-by-IRA basis. This new rule will not be applicable to any rollover that involves … Continue reading

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Transition Rules for IRA Charitable Distributions

The American Taxpayer Relief Act of 2012 (“ATRA”) reinstated the rules for 2012 and 2013 that allow taxpayers who are at least age 70 1/2 to transfer, tax free, up to $100,000 to a qualified charity.

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