Helpful Articles

401(k) and Profit Sharing Limits for 2022 & 2023

In the downloadable file below, you can find 401(k) and profit sharing limits for 2022 & 2023.


Important information for those with a 401(k) account or those considering opening an account:

Required Minimum Distribution (RMD) rules apply to all employer-sponsored retirement plans. RMD rules require those with Traditional and Roth 401(k)s to withdraw a certain amount from their account each year once they turn 72. If the RMD is not withdrawn by the applicable deadline, the individual will be taxed 50% on the amount not withdrawn; individuals can withdraw more than the minimum amount. These withdrawals are considered taxable income. To find your RMD, use this worksheet from the IRS.

Helpful Articles Tax

Recovering Tax Records After Natural Disasters

With the ongoing wildfires in the western United States, the recent flooding in Tennessee, and Hurricane Ida hitting the Gulf Coast on Sunday, the IRS has issued a tax tip on how victims of natural disasters can rebuild their tax records, financial statements and property records. After a natural disaster, taxpayers may need records to help them prove and recover disaster-related losses. This may be for tax purposes, receiving support from federal assistance programs or for insurance claims.

To get free copies of tax records, the IRS suggests visiting its “Get Transcripts” web page at or calling 800-908-9946 to order transcripts.

Read the full tax tip for additional information: