Sec. 1623. Inflation adjustments for catch-up contributions for certain employer plans
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401(k) and simple retirement accounts Clause
(i)of section 414(v)(2)(B) is amended by striking determined in accordance with the following table and all that follows through the period at the end and inserting $5,500. . 401(k) and simple retirement accounts Clause
(ii)of section 414(v)(2)(B) is amended by striking determined in accordance with the following table and all that follows through the period at the end and inserting $2,500. . Subparagraph
(C)of section 414(v)(2) is amended— by striking December 31, 2006 and inserting December 31, 2023 , by striking $5,000 and inserting $5,500 , and by striking 2005 and inserting 2022 . The amendments made by this section shall apply to taxable years beginning after December 31, 2014.