Winning Back-Office Strategies to Boost Your Business Agility
VIEWpoint Issue 1 | 2023
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The Social Security Administration and the IRS have announced the cost-of-living adjustments (COLAs) that will apply to the Social Security tax and retirement plan contribution limits for 2016. Due to the minimal increase in the Consumer Price Index the past year, few adjustments were made from the 2015 for the upcoming 2016 year.
Remaining at the previous year’s level is the below:
Levels that were minimally increased for 2016 includes:
If you have any questions regarding the limitations and how they apply to you, contact us.
This publication is distributed for informational purposes only, with the understanding that Doeren Mayhew is not rendering legal, accounting, or other professional opinions on specific facts for matters, and, accordingly, assumes no liability whatsoever in connection with its use. Should the reader have any questions regarding any of the news articles, it is recommended that a Doeren Mayhew representative be contacted.
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