Monday, November 2, 2015

COST-OF-LIVING ADJUSTMENTS

COST-OF-LIVING ADJUSTMENTS
2016

Pension Plan and Related Limits
2015
2016
Pre-tax elective deferral maximum under IRC § 401(k), 403(b), and 457(b) plans
$18,000
$18,000
Age 50 and older “catch-up” adjustment for 401(k), 403(b), and governmental 457(b) plans and SEPs
$6,000
$6,000
Annual compensation limit under IRC §§ 401(a)(17), 404(l) and 408(k)
$265,000
$265,000
Annual benefit limit for defined benefit plans under IRC § 415(b)
$210,000
$210,000
Annual contribution limit for defined contribution plans under IRC § 415(c)
$53,000
$53,000
Highly compensated employee threshold for purposes of testing in the following year under IRC § 414(q)(1)(B)
$120,000
$120,000
Key employee threshold for officers for top heavy plan under IRC § 416(i)(1)(A)(i)
$170,000
$170,000
IRC § 430(c)(7)(D)(i)(II) amount for determining excess employee compensation for single-employer defined benefit plans where election has been made
$1,101,000
$1,106,000
ESOP account balance for five-year and one-year distribution rule under IRC § 409(o)(1)(C)(ii)
$1,070,000
and
$210,000
$1,070,000
and
$210,000
SEP pension compensation threshold under IRC § 408(k)
$600
$600
SIMPLE plan elective deferral limit under IRC § 408(p)(2)(E)
$12,500
$12,500
SIMPLE plan age 50 catch-up
$3,000
$3,000
Basic IRA/Roth IRA contribution limitation under IRC § 219(b)/§ 408A (age 50 $1,000 catch-up for IRAs does not have cost-of-living adjustment)
$5,500
$5,500
Phase-out for deductions for IRA for married couples filing jointly, in which the spouse who makes the IRA contribution is an active participant in an employer-sponsored retirement plan
$98,000 to $118,000
$98,000 to $118,000
Adjusted gross income (AGI) phase-out range for married joint filers taxpayers making contributions to a Roth IRA
$183,000 to $193,000
$184,000 to $194,000
AGI limit for retirement savings contributions (saver's) credit for married couples filing jointly
$61,000
$61,500
Health Savings Account contribution limits (single and family)
$3,350 and $6,650
$3,350 and $6,750
Maximum monthly benefit guarantee by PBGC
$5,011.33
$5,011.33
PBGC flat-rate premium for a single-employer plans (as amended by MAP-21 2012 legislation)
$57
$64
Taxable wage base subject to FICA tax
$118,500
$118,500



1 Comments:

At October 26, 2019 at 10:13 AM , Blogger steve said...


افضل شركة نقل عفش من جدة الى الرياض شركة نقل عفش من جدة الى الرياض
شركة نقل عفش من جدة الى دبي شركة شحن عفش من السعودية الى دبي

معلم دهانات بالرياض

ارخص شركة نقل عفش بمكة
شركة نقل عفش من جدة الى الاردن شركة شحن عفش من السعودية الى الاردن

 

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