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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