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16Nov

IRS Announces 2020 Dollar Limitations for Retirement Plans

The IRS has announced the 2020 annual dollar limitations for retirement plans based on the applicable cost-of-living adjustment guidelines. The annual limit for elective deferrals to 401(k) and 403(b) plans will increase from $19,000 to $19,500 and...
By: Parker Poe Adams & Bernstein LLP
Source Url: https://www.jdsupra.com/legalnews/irs-announces-2020-dollar-limitations-26925/

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