Wealth & Risk Management Blog

William Byrnes (Texas A&M) tax & compliance articles

New Limits For Qualified Plans

Posted by fhalestewart on November 12, 2017


Code section 415 specifically defines the total benefits and contributions allowed for a “qualified” plan.    Exceeding these limits will strip a plan of its tax-deferred status.  Code section 401(b) requires the Secretary to annually adjust various amounts.  A few weeks ago, the IRS released Notice 2017-64 which contains various adjustments.  You can read the entire release at this link.

 

In 2009, F. Hale Stewart, JD. LL.M. graduated magna cum laude from Thomas Jefferson School of Law’s LLM Program.  He is the author of three books: U.S. Captive Insurance LawCaptive Insurance in Plain English and The Lifetime Income Security Solution.  He also provides commentary to the Tax Analysts News Service, as well as economic analysis to TLRAnalytics and the Bonddad Blog.  He is also an investment adviser with Thompson Creek Wealth Advisors. 

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