2023 Dollar Limitations on Benefits and Contributions
Posted on November 01, 2022
With the release of Notice 2022-55 the IRS has announced the cost-of-living adjustments for pension plans and other related items for the 2023 tax year.
The following table shows the 2023 dollar limitations in comparison to the 2022 dollar limits.
For additional information, please contact Dave Mosier or Nadia Havard:
David M. Mosier's practice includes business and tax transactions, retirement benefits, designing and drafting of employee pension and welfare benefit plans, and more.
Nadia A. Havard concentrates her practice in all areas of qualified and nonqualified retirement plans and employee benefits; transfer taxes; fiduciary income tax and trust administration; business; as well as estate planning and administration. She also helps nonprofit organizations to obtain and maintain their tax-exempt status.
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