Posts Tagged ‘internal revenue service’
What Do the 2025 Contribution Limits Mean for Dental Retirement Plans?
At a glance Schedule a consultation The full story: The Internal Revenue Service (IRS) raises contribution limits for retirement plans every year due to inflation. For 2025, the contribution limit has increased to $23,500 from $23,000 in 2024. The new contribution limit presents excellent opportunities for dental practice owners and practitioners to save more for…
Read MoreUnderstanding the 1031 Like-Kind Exchange Rules
At a glance Schedule a consultation The full story: Internal Revenue Code (IRC) Section 1031, also referred to as the “like-kind” exchange, provides individuals with an exception by allowing them to defer capital gains if they reinvest the proceeds into other qualifying properties. The 1031 like-kind exchange can be a viable long-term tax saving strategy…
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