IRS Announces Annual Self-employed 401(k) Plan Contribution Limitations To Increase by $1,000 for 2014

Self-employed and business owners can defer up to $52,000 and $57,500 if over 50 years old in 2014 Starting on January 1, 2014, the Internal Revenue Services (“IRS”) announced that self-employed and small business owners that have adopted a self-employed 401K plan for the 2014 taxable year will be able to make tax-deferral employee and […]