IRS Announces 2008 Limits

Posted October 30th, 2007

On October 18, 2007, the IRS announced the 2008 cost-of-living adjustments applicable to dollar limitations for retirement plans and other items.

 

Retirement plans are subject to annually adjusted dollar limitations by the IRS for cost-of-living increases, and are normally determined based on inflation data provided by the Bureau of Labor Statistics’ release of the Consumer Price Index. Many of the retirement plan limitations will change for Tax Year 2008. Click here to download the limits.

 

New Regulations

Posted October 4th, 2007

Final regulations recently released by the IRS provide the first comprehensive guidance on 403(b) tax-sheltered retirement arrangements in 43 years. Employers that sponsor 403(b) tax-sheltered retirement arrangements will have to address a number of compliance issues as the result of these comprehensive new regulations. Click here to download the details.