Herbert & Rhen, PC

Herbert & Rhen, PC Since 1992 Herbert & Rhen has served the metro-Detroit area in tax and small business services.

It's here.....
03/23/2023

It's here.....

IRA contribution limits remain the same and 401(k) limits are slightly higherThe traditional IRA and Roth contribution l...
02/21/2023

IRA contribution limits remain the same and 401(k) limits are slightly higher

The traditional IRA and Roth contribution limits in 2022 remain the same as the prior year. Individuals can contribute up to $6,000 to an IRA, and those age 50 and older also qualify to make an additional $1,000 catch-up contribution. If you're able to max out your IRA, consider doing so—you may qualify to deduct some or all of your contribution.

However, the 2022 contribution limits for 401(k) accounts have increased to $20,500. If you're age 50 or older, you qualify to make an additional $6,500 catch-up contribution for this tax year as well.

Beginning January 1, 2023 the standard mileage rates are as follows:65.5 cents per mile driven for business use 22 cents...
02/16/2023

Beginning January 1, 2023 the standard mileage rates are as follows:

65.5 cents per mile driven for business use
22 cents per mile for medical care
14 cents per mile for miles driven in service of charitable organizations

Reminder!
02/15/2023

Reminder!

02/15/2023
We love that we are finally on Facebook.
02/15/2023

We love that we are finally on Facebook.

Address

33 N Saginaw Street
Pontiac, MI
48342

Opening Hours

Monday 9am - 5pm
Tuesday 9am - 5pm
Wednesday 9am - 5pm
Thursday 9am - 5pm
Friday 9am - 5pm

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