COLA Increases for Dollar Limitations on Benefits and Contributions

COLA Increases for Dollar Limitations on Benefits and Contributions

Source: irs.gov

The tax law places limits on the dollar amount of contributions to retirement plans and IRAs and the amount of benefits under a pension plan. IRC Section 415 requires the limits to be adjusted annually for cost-of-living increases.

Read the rest
https://www.irs.gov/retirement-plans/cola-increases-for-dollar-limitations-on-benefits-and-contributions

Skills

Posted on

October 26, 2018