Accuchex Blog

IRS Announces Cost Of Living Adjustment Limits For 2018

Posted by Leslie Ruhland on Oct 24, 2017 3:24:36 PM

The Internal Revenue Service announced its cost-of-living adjustments (COLAs) which affect dollar limitations for pension plans and other items for the 2018 tax year.

Among the key changes for tax year 2018 is the increase of the contribution limit for employees who participate in 401(k), 403(b), most 457 plans, and the federal government’s Thrift Savings Plan. The limit has been raised from $18,000 to $18,500 for 2018.

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Topics: IRS, payroll management, 401k, COLA, pension plans, payroll compliance

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