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The Internal Revenue Service has announced annual inflation adjustments for tax year 2022.  The new details on tax rates can be found on Revenue Procedure 2021-45 released on November 10, 2021  The new amounts for retirement contributions can be found on IRS Notice 2021-61 released on November 4, 2021

If you have any questions on these new amounts, please contact the Attorneys at Allison & Mosby-Scott.