The Internal Revenue Service announced its annual update to dollar limitations for pension and other retirement plans for tax year 2023.
The Internal Revenue Service announced its annual update to dollar limitations for pension and other retirement plans for tax year 2023. Some of the retirement plan-related limitations are changing because the annual cost-of-living increase met the statutory threshold that triggers their adjustment. The table below provides a few highlights.
For more information, please contact your CAPTRUST Financial Advisor at 800.216.0645. Click here to download a copy of this table.
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