There are limits set by the government each year that are the same for every Abra customer across the country every year. So why do customers like ourselves have to remember to go into the system and make the change manually each year. Why doesn’t the system set that for everyone each year as part of a quarterly update?

Examples are:

Contribution limit - $18,000 in 2017 and $18,500 in 2018.
Catchup contribution limit $6,000 in 2018
Includible plan compensation $270,000 in 2017 and $275,000 in 2018
Social security taxable wages etc. etc.

by: Sara A. | over a year ago | Setup / Environment