Sec. 1621. Inflation adjustments for qualified plan elective deferral limitations
71 words·~1 min read·
/bill/113/hr/1/ih/section-1621A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Subparagraph
(B)of section 402(g)(1) is amended by striking shall be and all that follows and inserting is $17,500. Paragraph
(4)of section 402(g) is amended— by striking December 31, 2006 and inserting December 31, 2023 , by striking $15,000 and inserting $17,500 , and by striking 2005 and inserting 2022 . The amendments made by this section shall apply to plan years and taxable years beginning after December 31, 2014.