Cost of Living Adjustments for Pension Plans and Retirement-Related Items for 2020

By Sue Peirce, CPA, MTax | Principal, Audit & Assurance On November 6, 2019, the IRS announced cost of living adjustments affecting dollar limitations for pension plans and other retirement-related items for the 2020 tax year. Changes to the limits are based on the Social Security cost-of-living increases. Below are the new 2020 plan limitations: 2020 …

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