December News: Maximize your retirement savings tax benefits

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Retirement Plan Contribution Limits for 2023 Are Here

On October 21, 2022, the Internal Revenue Service (IRS) announced the updated contribution limits to retirement plans in Notice 2022-55. The new limits are valid beginning in tax year 2023. These limits are important, as they cap the tax benefits that can be realized from retirement plan savings contributions each year and are adjusted to account for annual inflation.

View the updated limits here.

Understanding the IRS Disaster Relief Programs

The IRS often provides disaster relief to victims of natural disasters throughout the year. These relief efforts are aimed at helping victims by allowing them to concentrate on what is most important immediately after a hurricane, flood, or wildfire. What is included? How does the IRS decide who is eligible?

Firm News:

Annual Firm Meeting & Continuing Education

The team at Payne, Nickles & Company has been hard at work this fall taking continuing education and listening to professional development experts at our annual firm meeting. These types of events helps our staff stay up-to-date on current trends, policies, and the challenges our clients could be facing in the future.

Holiday Closure Reminder

So that our team can enjoy the holidays with their family and friends, our office will have updated business hours on the below dates. Regular business hours will resume on Tuesday, January 3, 2023.

Congratulations Leslie & Pat Spettel!

Pat and Leslie Spettel welcomed their new baby, Patrick Franklin Spettel, into the world in November. He is the third Patrick in the family, after both his father and grandfather. Enjoy the baby snuggles!

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Payne Nickles & Company

Sandusky: 419-625-4942

Norwalk: 419-668-2552

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