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On October 21 st , the IRS released a number of additional inflation adjustments for 2023, including to certain limits for qualified retirement plans. Earlier last week, the IRS announced the 2023 inflation adjustments for Flexible Spending Accounts and transportation fringe benefits, as discussed here. Increase from 2022 to 2023.
New requirements for health and retirement benefits Health and retirement benefits are an integral part of employeecompensation, and they are subject to their own sets of laws and regulations. However, 2023 has seen new amendments that add multiple layers of complexity to these regulations.
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