Dayton, Ohio – Coolidge Wall Co., L.P.A. has received first-tier metropolitan ranking in 10 practice areas by U.S. News & World Report and Best Lawyers in the 2024 “Best Law Firms” list. Achieving a top tiered ranking signals a unique combination of quality law practice and breadth of legal expertise among ranked law firms. The 10 areas for which the firm received Tier 1 ranking are Commercial Litigation, Corporate Law, Employment Law-Management, Labor Law-Management, Litigation-Labor & Employment, Litigation-Real Estate, Real Estate Law, Tax Law, Trusts & Estates Law, and Workers’ Compensation Law-Employers. To be eligible for a ranking, a firm …
IRS Announces 2024 Pension Plan Limitations
The IRS announced cost-of-living adjustments for 2024 retirement plan contributions. For 2024, the amounts that individuals will be able to contribute to retirement plans will increase from $22,500 to $23,000. However, the catch-up contribution limit for employees age 50 and over will remain unchanged at $7,500. This chart summarizes the limitations for 2024: Contribution Limits 2024 2023 Elective Deferral Limit – 401(k), 403(b) and 457(b) Plans $23,000 $22,500 Catch-Up Contribution Limit $7,500 $7,500 Elective Deferral Limit – SIMPLE Retirement Plan $16,000 $15,500 Catch-Up Contribution Limit – SIMPLE Retirement Plan $3,500 $3,500 Contribution Limit – IRA $7,000 $6,500 Catch-Up Contribution Limit …