TAX LEARNING CENTER

Your Guide To Tax Season and Tax Law Updates.

2019 RETIREMENT PLAN LIMITS | As Set by the Internal Revenue Service

For the 2019 tax year, the following are limits set by the IRS for contributions to your retirement plan(s).

The contribution limit for employees who participate in 401(k), 403(b), most 457 plans, and the federal government’s Thrift Savings Plan is increased from $18,500 to $19,000.

The limit on annual contributions to an IRA is increased from $5,500 to $6,000. The additional catch-up contribution limit for individuals aged 50 and over is not subject to an annual cost-of-living adjustment and remains $1,000.

(Source: IRS.gov)

IMPORTANT TAX FILING DATES | Keeping You Prepared and On Time

Tax Filing Deadline | Monday, April 15, 2019

WHEN SHOULD I EXPECT MY TAX FORMS? | What You Need to Know

Because Central Trust Company typically awaits receipt of your final tax information, we want you to be aware of when you will receive your yearly tax documents.

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