Updated IRS Benefit Limits for 2013

There are many sections in the Tax Code that limit the amount of tax-favored benefits an employer may provide or an employee may receive. The IRS updates these limits annually to account for inflation, but delayed certain adjustments pending the release of the “fiscal cliff deal.” Last Friday, after passage of the American Tax Relief Act of 2012 (ATRA), the IRS released final limits for 2013, which we describe below, along with the corresponding limits for 2012.

334via Lockton

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About thebenefitblog

Eric is a Producer at Lockton Insurance Brokers, Inc., the world’s largest privately held commercial broker. Eric has over 23 years of experience in the insurance industry and has spent the last 11 years with Lockton. Eric specializes in Health & Welfare Benefits, Retirement Planning, and Executive Benefits. Eric's clients utilize his expertise in the areas of Plan Due Diligence, Transaction Structure, Fiduciary Oversight, Investment Design, Compliance and Vendor negotiation to improve the operational & financial outcome for each client. The Benefit Blog is a place to share that expertise and industry news.
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