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Tax Season Countdown Tax Tips: Tip #4 Sock Away More for Retirement


As a NJ CPA firm and and NY CPA  firm, we are dedicated with providing you the latest tax tips this season.  Our tax tip for today is:

You can contribute more to your retirement plan in 2013. The contribution limit for a 401(k) plan is $17,500 ($23,000 for those 50 and older). The SIMPLE limit increases to $12,000 ($14,500 for those 50 and older), and the IRA limit increases to $5,500 ($6,500 for those 50 and older). Contribute early in 2013 to maximize the tax-deferred growth in your plan.

For assistance with this or other tax or accounting matters please contact us at 201-947-8081 or 646-688-2807, or email us at


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