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IRS Releases Annual Increases to Health FSA and Transportation Fringe Benefit Limits for 2024

Proskauer's Employee Benefits & Executive Compensa

On November 9th, the IRS announced additional inflation adjustments for 2024, including to the annual contribution and carryover limits for healthcare flexible spending accounts and the monthly limit for qualified transportation fringe benefits. The new limits are set forth below.

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IRS Announces 2023 Increases to Qualified Retirement Plan Limits

Proskauer's Employee Benefits & Executive Compensa

On October 21 st , the IRS released a number of additional inflation adjustments for 2023, including to certain limits for qualified retirement plans. The table below provides an overview of the key adjustments for qualified retirement plans. Qualified Defined Benefit Plans. Increase from 2022 to 2023.

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Transport Your Employees to Better Tax Savings With Commuter Benefits

Patriot Software

Most employees expect certain workplace benefits, such as health insurance or retirement plans. Commuter benefits aren’t just popular in big cities with prevalent public transportation systems. But coming up with unique and appealing perks, like commuter benefits, can further your chances of attracting and retaining top talent.

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IRS Announces 2023 Increases to Health FSA and Transportation Fringe Benefit Limits

Proskauer's Employee Benefits & Executive Compensa

On October 18th, the IRS announced a slew of inflation adjustments for 2023, including to the annual contribution and carryover limits for healthcare flexible spending accounts and the monthly limit for qualified transportation fringe benefits. Qualified Transportation Fringe Benefits. . The new limits are set forth below.

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Compliance TV: President Signs Infrastructure Bill That Ends ERC Early

PayrollOrg

In this December 2021 issue of Compliance TV: President signs infrastructure bill that ends ERC early; Reminder that payment of deferred social security tax from 2020 Is due soon; IRS announces 2022 retirement plan contribution and benefit limits; and IRS announces 2022 COLAs for transportation fringes, FSA deferrals, foreign earned income exclusion, (..)

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INFOGRAPHIC: 2020 Indexed Figures for Qualified Retirement Plans

WEX Inc.

Qualified Retirement Plans must take various dollar limits into consideration. The IRS has released benefit plan limits for the New Year. We've created an infographic including the 2020 indexed figures for retirement limits, flexible benefit related limits, and transportation benefits.

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2023 IRS Limits for HSA, FSA, 401k, HDHP, and More [Comprehensive Guide]

Griffin Benefits

The IRS has finally announced adjustments to 2023 contribution limits on various tax-advantaged health and dependent care spending accounts, retirement plans, and other employee benefits such as adoption assistance and transportation benefits. 2023 Retirement Plan Limits Increase.

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