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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.

2023 Dollar Limitations Chart IRS

For additional information, please contact Dave Mosier or Nadia Havard:

David M.Mosier

David M. Mosier

David M. Mosier's practice includes business and tax transactions, retirement benefits, designing and drafting of employee pension and welfare benefit plans, and more.

dmosier@kmgslaw.com

814-923-4878

Nadia A.Havard

Nadia A. Havard

Nadia A. Havard concentrates her practice in all areas of transfer taxes, qualified and nonqualified retirement plans and employee benefits, 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.

nhavard@kmgslaw.com

814-923-4855

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