Granite Payroll
06
Nov
IRS Announces 2016 Pension Plan Limitations
401(k) Contribution Limit Remains Unchanged at $18,000 for 2016 The Internal Revenue Service announced cost‑of‑living adjustments affecting dollar limitations for pension plans and other retirement-related items for tax year 2016. In general, the pension plan limitations will not change for 2016 because the increase in the cost-of-living index did not meet the statutory thresholds that