Month: November 2023

Yesterday, the IRS issued Notice 2023-75, which provides the 2024 cost-of-living adjustments on the dollar limitations for pensions and other benefits like LOSAPs. The limit on the benefit that can be provided in a LOSAP increased from $7,000 to $7,500 for the 2024 tax year. The historical limitations are as follows: Year Limit up to…

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