2018 Benefit Limits

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Retirement Plan Limits -

The IRS updated very few of the retirement plan limits effective for the plan year that begins on or after January 1, 2018.

Social Security Tax and Wage Base -

For calendar year 2018, the Social Security taxable wage base increases to $128,700 from $127,200.

Please see full publication below for more information.

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DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

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