2018 tax planning & key thresholds
Traditional IRA and Roth Contribution Limits:
- Under age 50 at year end: $5,500
- 50 or older at year end: $6,500
Qualified Retirement Plan Contribution Limits:
- Maximum elective deferral to retirement plans [ie: 401(k), 403(b)]: $18,500, plus $6,000 catch-up contribution if age 50 or older
- Maximum elective deferral to SIMPLE IRAs: $12,500, plus $3,000 catch-up contribution if age 50 or older
- Maximum elective deferral to 457 plans of exempt employers: $18,500, plus $6,000 catch-up contribution if age 50 or older
Health Saving Account Contribution Limits:
- Individual: $3,450
- Family: $6,900
- Age 55 or older, add: $1,000
Mileage Rates:
- Business: 54.5 cents per mile
- Medical: 18 cents per mile
- Charitable: 14 cents per mile
internal revenue service
The IRS provides a very robust website with information on many helpful topics including checking your refund status, ordering a transcript and reporting identity theft.
mydorway
South Carolina's MyDORWAY is a taxpayer support system allowing you to both pay and file your business payroll returns electronically.
Sc department of revenue
The South Carolina Department of Revenue's website has links to many helpful resources including how to register a business and checking your refund status.
SC secretary of state
The Secretary of State website is a helpful tool to look up corporations and their registered agents, as well as finding the required forms for various business filings.