A charity receiving 2025 contributions refers to a charitable organization receiving monetary or in-kind donations amounting to 2025 units. These contributions are crucial for the charity’s operations and enable it to fulfill its mission of providing aid, support, or services to those in need. Such contributions are significant because they allow charities to expand their reach, enhance their… Read More »
With the Thrift Savings Plan (TSP), federal employees and military members can save and invest for retirement. Contributions are made on a pre-tax basis, which can reduce your current tax liability. You can change your TSP contribution amount at any time, but there are some important deadlines to keep in mind. The deadline to change your TSP contributions… Read More »
Each year, the IRS adjusts the contribution limits for IRAs to keep pace with inflation. For 2023, the IRA contribution limit is $6,500 ($7,500 for those age 50 or older). The IRS has not yet announced the IRA contribution limits for 2025. However, based on the historical trend of increases, it is likely that the contribution limit will… Read More »