Plan Limits...

 

IRS Announces 2017 Plan Limits

 
2017
2016
2015
401(k) Elective Deferrals
$18, 000
$18, 000
$18,000
Catch-Up Contributions
$6,000
$6,000
$6,000
Defined Contribution Plan Limit
$54,000
$53,000
$53,000
Defined Benefit Plan Annual Benefit Limit
$215,000
$210,000
$210,000
Compensation Limit
$270,000
$265,000
$265,000
Top Heavy Key Employee
$175,000
$170,000
$170,000
Highly Compensated Employee
$120,000
$120,000
$120,000

 

For Additional Resources, visit the IRS Website Here

 

Social Security Administration Announces 2017 Cost of Living Adjustments

 
2017
2016
2015
Taxable Wage Base
$127,200
$118,500
$118,500

 

This material was created to provide accurate and reliable information on the subjects covered.  It is not intended to provide specific legal, tax or other professional advice. The services of an appropriate professional should be sought regarding your individual situation.

 

IRS Circular 230 Disclosure:

These materials are not intended to be used to avoid tax penalties, and were prepared to support the promotion or marketing of the matters addressed in this document.  The taxpayer should seek advice from an independent tax advisor.

 

 

Current News...