Here’s Your Guide To 2020 Rates For 401k’s, Student Loans & More

Here’s what you need to know.If you want to know the latest rates for your major financial planning needs, here is a helpful summary.There are many different retirement plans that range from 401k’s through your employer to after-tax vehicles such asRetirement Plans 2020 contribution limits Here are the latest income tax brackets and tax rates for single taxpayers, head of households, married individuals filing joint tax returns and married individuals filing separate tax returns.

. Borrowers also ask if they qualify for tax deductions and tax credits for student loans. Here are the latest student loan interest deductions and student loan tax credits, including the Lifetime Learning Credit, American Opportunity Tax Credit and the Education Loan Deduction:Here are the latest estate and gift tax exclusions, credits, exemption and tax rate:Health Savings Account

A Health Savings Account is an account that allows you to contribute pre-tax dollars to pay for medical expenses. Here are the latest deductibles, out of pocket amounts, and contribution limits:Mileage Deduction If you use a vehicle for business, charitable or medical purposes, you may be entitled to a tax deduction. Here are the latest standard mileage rates:

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