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2023 Inflation Adjustments for Pension Plans & Retirement Accounts

Bailey Scarano Blog, Tax & Money Tips / By

The IRS recently released the 2023 cost-of-living adjustments (COLAs) that affect pension plan dollar limitations and other retirement-related provisions. In general, many of the pension plan limitations will change for 2022 because the increase in the cost-of-living index due to inflation met the statutory thresholds that trigger their adjustment. However, other limitations will remain unchanged.  …

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