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February 5, 2016

2015 Publication 554-Tax Guide for Seniors


The IRS has issued Publication 554 – Tax Guide for Seniors. For use in preparing 2015 Returns. 

This includes information about distributions from and contributions to IRAs.



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Annual Benefit Limit

Definition The annual benefit limit for defined benefit plans is the lesser of: A) 100% of the participant’s average compensation for his or her highest

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IRA Rules