Category: IRS

A nest with three golden eggs in it next to text reading add more to your nest egg.

IRS Increases 2025 Limits for Tax-Deferred Saving

December 2024

The annual limit applies to hybrid voluntary contributions, other 457 plans and after-tax and pretax Roth contributions.

On the left, a teacher points to her white board which flows into text on the right which reads News to Know.

Announcements

January 2024

2024 General Assembly Session; DCP Record Keeper Transition; IRS Contribution Limits; Employer Training

a pair of hands holding two eggs that have retiement and nest eg written on them next to text which reading contribution limits

IRS Sets 2024 Contribution Limits

December 2023

The IRS increased limits for how much participants can contribute to tax-deferred savings plans for tax year 2024.

DCP logo with text saying Deferred Compensation Plans, Retirement Solutions Made Simple

Important Reminder: Correction Policies Revised for Some Defined Contribution Plans

October 2023

Avoid errors and ensure your payroll procedures follow IRS requirements.

An image of three golden eggs in a nest. To the right of the eggs is text which reads add more to your nest egg.

IRS Increases Deferred Compensation Contribution Limits for 2023

December 2022

The Internal Revenue Service announced that the dollar amounts participants may contribute to tax-deferred savings plans, such ...

Image of a calculator on the left with the word Taxes showing. On the right there is text saying 1099-R Forms Mail in Late January.

Retiree 1099-R Forms Mail in Late January

January 2022

In case you receive the question from recent retirees, you can let them know that VRS will mail the IRS Form 1099-R by the end...