Law Office of Williams & Associates, P.C.
  • Sacramento: (916) 488-8501
  • Toll Free: (800) 684-7147

2018 - A Year to Give, A Year to Save

The IRS has announced two important changes in 2018 that will help you give, and help you plan for retirement. The IRS has increased the annual amount a taxpayer may gift to another person, free of estate or gift tax. After remaining at $14,000 for several years, the IRS has increased the amount in 2018 to $15,000 per year.

Additionally, the IRS has increased the amount a taxpayer may put into a retirement plan in 2018. This adjustment for inflation increases the limit for elective deferrals for 401(k), 403(b), and SEP plans to $18,500 in 2018.

For more information on IRS rate changes for 2018, click here.

No Comments

Leave a comment
Comment Information

Contact Us Today

Law Office of Williams & Associates, PC
3600 American River Drive, Suite 135
Sacramento, CA 95864


Toll Free: ( 800) 684-7147
Phone: ( 916) 488-8501
Fax: ( 916) 488-8196 | E-mail Us
Map & Directions