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Our weekly roundup of tax-related investment strategies and news your clients may be thinking about.
GOP tax plan leaves 401(k)s unchanged — for now
Contribution limits for 401(k)s will remain unchanged as the Republican Party presented their tax bill proposal with no provisions to lower the amount participants can contribute, CNBC reports.
The limits will remain at $18,000. Those over the age of 50 will be able to save as much as $24,000. "Congress is clearly only caring about paying for taxes for people...