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IRS Announces Higher Annual Solo 401(k) Plan Contribution Limitations for 2015

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Self-employed individuals and business owners can defer up to $53,000 and $59,000 if over 50 years old in 2015 According to an Internal Revenue Service (IRS) announcement from October 23, 2014, starting on January 1, the Internal Revenue Services (“IRS”) announced that self-employed individuals and small business owners that have adopted a solo 401K plan […]

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