best Plymouth MA tax preparer Archives

Elimination of the Penny – Effect on the Collection of Sales Tax
Gallery
Elimination of the Penny – Effect on the Collection of Sales Tax

Bookkeeping, DOR, IRS, Planning Strategies, Sales, Self-Employed, Small Business, Tax Law Changes, Tax Payments, Tax Tips, Taxes

Elimination of the Penny – Effect on the Collection of Sales Tax

This article was published by the MA Department of Revenue. I. Introduction The U.S. Treasury minted the last penny on November 12, 2025. Nevertheless, a penny remains legal tender. As a result, vendors may be experiencing a penny shortage, and they have begun rounding to the nickel to make change. This Directive provides guidance to vendors [...]

401(k) Limit Increases to $24,500 for 2026, IRA Limit Increases to $7,500
Gallery
401(k) Limit Increases to $24,500 for 2026, IRA Limit Increases to $7,500

IRS, Personal Finance, Personal Taxes, Retirement, Saver's Credit, Tax Credits, Tax Law Changes, Tax Tips, Taxes

401(k) Limit Increases to $24,500 for 2026, IRA Limit Increases to $7,500

This article was published by the IRS. The Internal Revenue Service has announced that the amount individuals can contribute to their 401(k) plans in 2026 has increased to $24,500, up from $23,500 for 2025. The IRS also issued technical guidance regarding all cost‑of‑living adjustments affecting dollar limitations for pension plans and other retirement-related items for tax [...]

cozbycpa2026-01-14T08:04:13-05:00January 14th, 2026|Categories: IRS, Personal Finance, Personal Taxes, Retirement, Saver's Credit, Tax Credits, Tax Law Changes, Tax Tips, Taxes|Tags: 2026 401(k) limit increase, 2026 IRA limit increase, best Plymouth MA tax preparer, Cozby & Company, CPA Heather Cozby, how much can people contribute to their retirement plans in 2026, what are the 2026 income ranges for determining eligibility to make deductible contributions|