Thursday, October 27, 2016

COST-OF-LIVING ADJUSTMENTS


COST-OF-LIVING ADJUSTMENTS
2017

Pension Plan and Related Limits
2016
2017
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
$270,000
Annual benefit limit for defined benefit plans under IRC § 415(b)
$210,000
$215,000
Annual contribution limit for defined contribution plans under IRC § 415(c)
$53,000
$54,000
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
$175,000
IRC § 430(c)(7)(D)(i)(II) amount for determining excess employee compensation for single-employer defined benefit plans where election has been made
$1,106,000
$1,115,000
ESOP account balance for five-year and one-year distribution rule under IRC § 409(o)(1)(C)(ii)
$1,070,000
and
$210,000
$1,080,000
and
$215,000
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
$99,000 to $119,000
Adjusted gross income (AGI) phase-out range for married joint filers taxpayers making contributions to a Roth IRA
$184,000 to $194,000
$186,000 to $196,000
AGI limit for retirement savings contributions (saver's) credit for married couples filing jointly
$61,500
$62,000
Health Savings Account contribution limits (single and family)
$3,350 and $6,750
$3,400 and $6,750
PBGC guaranteed benefit (monthly and yearly)
$5,011.33
$60,136
TBA
PBGC flat-rate premiums per participant
$64
$69
PBGC variable-rate premium per $1,000 of Unfunded Vested Benefits
$30
$34
Taxable wage base subject to FICA tax
$118,500
$127,200

No comments:

Post a Comment