Oct 27 2017

IRS Announces 2018 Pension Plan Limitations

By GCOCPA Administrator No Comments

WASHINGTON — The Internal Revenue Service today announced cost of living adjustments affecting dollar limitations for pension plans and other retirement-related items for tax year 2018.  The IRS today issued technical guidance detailing these items in Notice 2017-64.

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Oct 23 2017

In 2018, Some Tax Benefits Increase Slightly Due to Inflation Adjustments

By GCOCPA Administrator No Comments

WASHINGTON — The Internal Revenue Service today announced the tax year 2018 annual inflation adjustments for more than 50 tax provisions, including the tax rate schedules and other tax changes. Revenue Procedure 2017-58 provides details about these annual adjustments. The tax year 2018 adjustments generally are used on tax returns filed in 2019.   The tax items for tax year 2018 of greatest interest to most taxpayers include the following dollar amounts:

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