2018 Retirement Plan Limitations Unchanged by the Tax Cuts and Jobs Act

The 2018 dollar limitations for retirement plans will not be affected by the Tax Cuts and Jobs Act of 2017, according to a news release from the IRS.

These limitations on benefits and contributions are subject to annual cost of living adjustments by the Treasury Department using procedures similar to those used under the Social Security Act. Since the new tax law does not affect the pension plan limitations, the figures previously released in IR 2017-177 and Notice 2017-64 remain unchanged.

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This text is provided with the understanding that ECFA is not rendering legal, accounting, or other professional advice or service. Professional advice on specific issues should be sought from an accountant, lawyer, or other professional.

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