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Internal Revenue Bulletin:  2014-48 

November 24, 2014 

EMPLOYEE PLANS


Announcement 2014–32Announcement 2014–32

This announcement is a follow-up to Announcement 2014–15, 2014–16 I.R.B. 973, addressing the application to Individual Retirement Accounts and Individual Retirement Annuities (collectively, “IRAs”) of the one-rollover-per-year limitation of § 408(d)(3)(B) of the Internal Revenue Code.

Notice 2014–70Notice 2014–70

This notice sets forth certain cost-of-living adjustments effective January 1, 2015, applicable to the dollar limitations on benefits and contributions under qualified retirement plans. Other limitations applicable to deferred compensation plans are also affected by these adjustments under § 415. Under § 415(d), the adjustments are to be made pursuant to adjustment procedures which are similar to those used to adjust benefit amounts under § 215(i)(2)(A) of the Social Security Act. This notice also contains cost-of-living adjustments for several pension-related amounts in restating the data in IR–2014–99 issued October 23, 2014.


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