Browsing Tag
Internal Revenue Service (IRS)
82 posts
2023 401(k) Contribution Limits Released: Big COLA Increase for Savers
The announcement comes as lawmakers and other government agencies grapple with historically high inflation
IRS Extends SECURE, CARES Act Amendment Deadlines
Unexpected “gift” means retirement plan sponsors now have until the end of 2025 to amend plans taking advantage of benefit changes allowed by the bills
2023 401(k) Contribution Limits: ‘Unprecedented’ Increase Projected
Mercer is projecting a record $2,000 bump in the IRS qualified retirement plan contribution limit thanks to this year’s high inflation rate
Major 2023 401(k) Contribution Limit Jump Predicted
Thanks to inflation, estimates in Milliman's “2023 IRS Limits Forecast – May” show significant increases in IRS contribution limits for retirement plans are likely
IRS Announces ‘Pre-Audit’ Retirement Plan Pilot Program
The IRS will determine whether to issue a closing letter or to conduct a limited or full scope audit
Inflation Sparks Big Jump in 2023 HSA Contribution Limits
IRS releases next year’s health savings account contribution limits, showing a roughly 5.5% increase over 2022 limits
IRS Issues Proposed Regulations for RMDs Under the SECURE Act
'A variety of issues arise in determining whether an individual is an eligible designated beneficiary'
IRS Issues RMD Reminder Amid Recent Age Increase to 72
Anyone who reached age 72 after June 30, 2021, is covered by a special rule
IRS Finally Clarifies 401k RMD Calculations in Proposed Rule
Commenters are “strongly encouraged” to submit public comments electronically
IRS Reminder: Most Retirees Must Take RMDs by Dec. 31
The Internal Revenue Service sent out a reminder today for retirement plan participants and IRA owners about required minimum distribution requirements