Employee Benefits - IRS Announces New Employee Benefits Limits for 2013

Monday, October 22, 2012

October 22, 2012

In this issue:

IRS Announces New Employee Benefits Limits for 2013

The Internal Revenue Service has recently announced cost-of-living adjustments applicable to dollar limitations for retirement plans (and other items) for 2013. Many of the retirement plan limitations will change for 2013 because the increase in the cost-of-living index met the statutory thresholds that trigger their adjustment. However, other limitations will remain unchanged because the increase in the index did not meet the statutory thresholds that trigger their adjustment.

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