October 4, 2023


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IRS Issues 2022 Limits for Retirement Plans

On Nov. 4, 2021, the IRS announced in Notice 2021-61 expense-of-dwelling adjustments (“COLAS”) to the tax-capable retirement system greenback limits for 2022. Most of the relevant greenback limitations at present efficient for 2021 will boost substantially in comparison with prior decades. Beneath is a summary of the limitations that are normally suitable for most retirement designs….
By: Hanson Bridgett LLP