Portal Login

2021 Highlights

The Social Security Wage Base for 2021 will increase to $142,800.00

Simple IRA - the maximum deferral for 2021 is $13,500.00; however, if you are 50 or over, you can defer an additional $3,000.00.

401k, 403b, 457 - the maximum deferral for 2021 is $19,500.00. If you are 50 or over, you can defer an additional $6,500.00.

Roth IRA and Traditional IRA - the maximum deferral is $6,000.00. If you are 50 or over, you can defer an additional $1,000.00.

HSA - For 2021, an individual with self only coverage can contribute $3,600.  An individual with family coverage can contribute $7,200.  If you are 55 or older, you can defer an additional $1,000.

The business mileage reimbursement rate for 2021 will be 56 cents per mile. If you need to reimburse for 2020 mileage, that rate was 57.5 cents per mile.

Welcome to Harland & May P.C. CPA firm licensed in VA.

We offer a broad range of services for business owners, executives, and independent professionals. We are affordable, experienced, and friendly.
Please call us today at (804) 355-2477. We'll be happy to offer you a free initial consultation. Thanks for visiting!

Lets Work Together!

Subscribe to our Emailed Newsletter