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Puerto Rico Department of the Treasury Announces 2024 Limits on Qualified Retirement Plans
Littler 
[Guidance Overview] Feb. 6, 2024 "On January 31, 2024, the Puerto Rico Department of the Treasury issued Internal Revenue Circular Letter No. 24-01 announcing the applicable 2024 limits for Puerto Rico qualified retirement plans. Pursuant to ... the Puerto Rico Internal Revenue Code ... the Secretary of the Treasury is required to publish the applicable limits under Section 401(a) of the [U.S.] Internal Revenue Code ... which are incorporated by reference into the PR Code limits (e.g., annual compensation, annual benefit/contribution limits), once the IRS publishes its retirement plan limits under the US Code." MORE >> |
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