When Will I Get My Refund?

One of the most often asked questions by taxpayers is, “When will I get my refund?” While in most cases people realize their refund will come a few weeks after the return has been filed, some aspects of filing for and getting refunds and/or credits are not so intuitive. Taxpayers may discover an error on their return that causes an overpayment. And why many overpayments are conceded by the IRS  and credited or refunded automatically, at other times, the taxpayer must file a claim for credit or refund..

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2018 Pension Plan Contribution Limits are Announced

The IRS announced on Thursday that the limit on elective deferral for contributions to 401(k) plans, 403(b) plans, most 457 plans, and the federal government’s Thrift Savings Plan will increase from $18,000 in 2017 to $18,500 for 2018. However, the catch-up contribution limit for those 50 and older remains $6,000. Most other inflation-adjusted amounts related to pensions increased from 2017 to 2018.

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