IRS Announces Benefit Limits for 2014

The IRS has announced benefit plan limits for 2014. 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.  Here are the limits for 2014 and the corresponding limits for 2013. Note, the IRS issued the 2014 limits for Health Savings Accounts (HSAs) during the spring. Those limits are included below as well.

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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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