The Internal Revenue Service announced the cost of living adjustments (COLA) for tax year 2022.

Defined contribution plan highlights include the following:

2022 COLA Chart

Visit these links for the full listing of COLA updates and a Sample Participant Notice.

FOR MORE INFORMATION

Karen Mills - Burlington CPA Firm - Retirement Plan Services

Karen Mills, QKA
Retirement Plan Consultant
336.417.5520
Email Karen