Few changes to retirement plan contribution limits for 2017 Retirement plan contribution limits are indexed for inflation, but with inflation remaining low, most of the limits remain unchanged for 2017. The only limit that has increased from the 2016 level…

Want to save for education? Make 2016 ESA contributions by December 31 There are many ways to save for a child’s or grandchild’s education. But one has annual contribution limits, and if you don’t make a 2016 contribution by December…

Why making annual exclusion gifts before year end can still be a good idea A tried-and-true estate planning strategy is to make tax-free gifts to loved ones during life, because it reduces potential estate tax at death. There are many…

Can you pay bonuses in 2017 but deduct them this year? You may be aware of the rule that allows businesses to deduct bonuses employees have earned during a tax year if the bonuses are paid within 2½ months after…