Plan Ahead for Annual Limit Adjustments for HSAs, 401(k) Plans, Business Mileage and Other Benefits

As we enter 2021, be sure you understand the recent changes to annual limit adjustments to a number of benefit programs and also a reduction in business mileage. We’ve summarized changes to 401(k), IRA, HSA, and business mileage limits below. Please reach out to your Mize CPAs professional if you have questions about how these changes could impact you.