The employee contribution limits for 401(k) plans and individual retirement accounts will stay the same this year as in 2016 — $18,000 for workers under 50 and $24,000 for those 50 and older. The saver’s credit is worth between 10 and 50 percent of 401(k) contributions up to $2,000 (individuals) or $4,000 (couple). The income limit for heads of household will be $46,500 this year, a change from $46,125 last year.
Although President-elect Donald Trump has pledged to cut federal taxes, state taxes are rising across the U.S. as financially strapped states search for funds to repair deteriorating infrastructure and close widening budget shortfalls. In their search for revenue, states have targeted everything from e-cigarettes to lottery winnings. Even Alaska, long a low-tax haven and one of our 10 most tax-friendly states, is feeling the heat. Alaska currently has no income or state sales tax. But to offset a sharp decline in oil revenues, Gov. Bill Walker has proposed a 3% statewide sales tax, which he says is needed to close the state’s $3.2 billion budget deficit. Raising existing state taxes or imposing
This month the same key zone, which includes Pfizer's 200-day moving average, has proven to be a major roadblock. With Tuesday's nearly 2% drop, Pfizer stock is now off by more than 5% from the January peak and is now well below last week's low. On Nov. 9, Pfizer exploded to the upside after opening the session with a huge gap.