2020 Inflation Adjustments, Retirement Plan Contributions and Tax Rate Tables

The IRS on Wednesday issued the 2020 retirement plan contribution limits, annual inflation adjustments for many tax provisions as well as the 2020 tax rate tables for individuals and estates and trusts. These adjusted amounts will be used to prepare tax year 2020 returns in 2021.

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Journal of Accountancy - Retirement plan contribution limits increase for 2020

Journal of Accountancy - IRS posts 2020 inflation adjustments and tax tables

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