IRS Announces 2012 Cost of Living Adjustments
October 21, 2011    Disclosures    POSTED IN  Retirement Planning

The Internal Revenue Code provides for dollar limitations on benefits and contributions under qualified retirement plans. The limits are adjusted yearly for cost-of-living increases. The IRS announced on October 20, 2011 cost-of-living adjustments applicable to dollar limitations for qualified retirement plans, IRAs and other items for tax year 2012. The table below provides the past, 2011, limits and the new, 2012, limits.


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