2017 Mid Year Newsletter

Want to read the PDF version? Click here: 2017 SS Mid Year Newsletter

Buying a New Fuel-Efficient Car in 2017?

The IRS still offers tax credits up to $7,500 on all-electric and plug-in hybrid cars that you would claim on your 2017 tax return. The vehicle must: weigh less than 14,000 pounds, have at least four wheels, be propelled to a significant extent by an electric motor...

Over 50? Your Savings Gets Better With Age

Wisdom isn’t the only benefit you get with age. Starting the year you turn 50, you can make these additional “catch-up” contributions towards your retirement accounts: Up to $6,000 more for 401(k), 403(b), SARSEP, or governmental 457(b) Up to $3,000 more for SIMPLE...

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