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mcc-us committed Sep 12, 2024
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13 changes: 7 additions & 6 deletions _pages/001-pub17.tax.guide.md
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- IRA contribution limit increased to:
- Starting in 2023, the limit for **IRA contributions is $6,500**. If you're **50 or older, the limit is $7,500**.
- Before 2023, *Was 6,000 and 7,000*.
- 2023 IRA contribution limit increased to:
- The **IRA contributions limit is $6,500**.
- If you're **50 or older, the limit is $7,500**.
- Before 2023, *Was 6,000 and 7,000*.

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- Distributions related to federally declared disasters.
- Distributions made to someone who is terminally ill.
- Distributions to firefighters who are either 50 years old or have 25 years of service under their plan.
- See: **Form 5329 and Publication 590-B**.
- See: **Form 5329 and Publication 590-B**. <button onclick="buttonPubs()">Open: irs-pubs</button>

- Use: `www.irs.gov/directfile`
- See: `www.irs.gov/directfile`

- Health Flexible Spending Act (HFSA) under cafeteria plans = 3,050, under section 125(i) on voluntary salary redux.

- Temp. allowance of 100% business meal deduction: **Expired**, section 210.

- Diaster tax relief - See Disaster-Related Relief in Pub. 590-B <button onclick="buttonPubs()">Open: irs-pubs</button>
- Diaster tax relief - See Disaster-Related Relief in Pub. 590-B <button onclick="buttonPubs()">Open: irs-pubs</button>

- Distributions to terminally ill individuals. The exception to the 10% additional tax for early distributions is expanded to distributions made after 12/29/2022, to a certified individual. See Pub. 590-B

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