INDEXING IRA CATCH-UP LIMIT.

SEC. 108. INDEXING IRA CATCH-UP LIMIT.(a) In General.—Subparagraph (C) of section 219(b)(5) is amended by adding at the end the following new clause:“(iii) Indexing of catch-up limitation.—In the case of any taxable year beginning in a calendar year after 2023, the $1,000 amount under subparagraph (B)(ii) shall be increased by an amount equal to—“(I) such dollar amount, multiplied by “(II) the cost-of-living adjustment determined under section 1(f)(3) for the calendar year in which the taxable year begins, determined by substituting ‘calendar year 2022’ for ‘calendar year 2016’ in subparagraph (A)(ii) thereof. If any amount after adjustment under the preceding sentence is not a multiple of $100, such amount shall be rounded to the next lower multiple of $100.” . (b) Effective Date.—The amendments made by this section shall apply to taxable years beginning after December 31, 2023.136 STAT. 5290