We would like to remind you of the IRS mandated Benefit Limit changes for 2008. These limits affecting retirement plan, health plan, and fringe benefit limits will be going into effect on 1/1/08. These limits are spelled out in IRS New Release 2007-171, and Revenue Procedures 2007-36 and 2007-66.
Click here to read News Release 2007-171 about retirement limits.
Click here to read Procedure 2007-36 about health plan limits
Click here to read Procedure 2007-66 about changes to the 2008 tax tables.