New 2018 limits on deductions for retirement

By elitecpas | November 3, 2017 | Comments Off on New 2018 limits on deductions for retirement

The IRS also announced cost-of-living adjustments affecting dollar limitations for pension plans and other retirement-related items for the tax year 2018. The official technical guidelines for these items are taken from IRS Notice 2017-64.

A summary of the 2018 pension limitations as compared to 2017 is as follows:

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