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Please Click HerePosted on December 21, 2015 by Mary Ellen Schill
The Internal Revenue Service has announced the optional standard mileage rates for computing the deductible cost of operating an automobile for business, medical, and moving expenses for 2016, and the reduced rates reflect the decrease in gasoline prices. Effective January 1, 2016, the optional standard mileage rates will decrease to 54 cents per mile for […]
Posted on October 21, 2015 by Mary Ellen Schill
The Internal Revenue Service has announced the cost-of-living adjustments for the various qualified retirement plan limits. All of the limits shown below remain unchanged from last year. Qualified Plan Limit Cost-of-Living Adjustments 401(k) and 403(b) elective deferral limit 2015: $18,000 2016: $18,000 $200,000 compensation limit 2015: $265,000 2016: $265,000 $160,000 defined benefit limit 2015: $210,000 […]
Posted on October 21, 2015 by Mary Ellen Schill
2017 Qualified Plan Cost of Living Increases, 2017 Social Security Taxable Wage Base The Internal Revenue Service has announced the cost-of-living adjustments for the various qualified retirement plan limits. Some of the limits shown below remain unchanged from last year, but others have increased. Qualified Plan Limit Cost-of-Living Adjustments 401(k) and 403(b) elective deferral limit […]
Posted on May 4, 2015 by Mary Ellen Schill
The Internal Revenue Service today announced the cost-of-living adjustments for the HSA contribution limits and for High Deductible Health Plan (HDHP) deductibles and out-of-pocket maximums for 2016. HSA/HDHP Requirement Cost-of-Living Adjustments Limit on HSA Contributions – Self-only HDHP 2015 – $3,350 2016 – $3,350 Limit on HSA Contributions – Family HDHP 2015 – $6,650 2016 […]
Posted on December 12, 2014 by Ruder Ware Alumni
On December 11, 2014, a divided [3-2, along partisan lines] National Labor Relations Board (“Board”) issued its long-awaited decision in Purple Communications, Inc., which many management-side labor relations professionals correctly predicted would fundamentally change how union organizing is conducted at nonunion workplaces [a copy of the Board’s decision is available here]. Through Purple Communications, Inc., 361 NLRB No. […]
Posted on December 10, 2014 by Mary Ellen Schill
The Internal Revenue Service has announced the optional standard mileage rates for computing the deductible cost of operating an automobile for business, medical, and moving expenses for 2015. Effective January 1, 2015, the optional standard mileage rates will increase to 57.5 cents per mile for business transportation, and decrease to 23 cents per mile for […]
Posted on October 24, 2014 by Mary Ellen Schill
The Internal Revenue Service has announced the cost-of-living adjustments for the various qualified retirement plan limits. Many of the limits shown below increased from last year. All of the above are plan year limits (i.e., for the plan year which begins in 2015), with the exception of the Code Section 401(k) and Code Section 403(b) […]
Posted on April 23, 2014 by Mary Ellen Schill
The Internal Revenue Service today announced the cost-of-living adjustments for the HSA contribution limits and for High Deductible Health Plan (HDHP) deductibles and out-of-pocket maximums for 2015. HSA/HDHP Requirement Cost-of-Living Adjustments Limit on HSA Contributions – Self-only HDHP 2014 – $3,300 2015 – $3,350 Limit on HSA Contributions – Family HDHP 2014 – $6,550 2015 […]
Posted on December 6, 2013 by Mary Ellen Schill
The Internal Revenue Service has announced the optional standard mileage rates for computing the deductible cost of operating an automobile for business, medical, and moving expenses for 2014. Effective January 1, 2014, the optional standard mileage rates will decrease to 56 cents per mile for business transportation, and decrease to 23.5 cents per mile for […]
Posted on November 1, 2013 by Mary Ellen Schill
The Internal Revenue Service has announced the cost-of-living adjustments for the various qualified retirement plan limits. Many of the limits shown below are unchanged from last year. Qualified Plan Limit Cost-of-Living Adjustments 401(k) and 403(b) elective deferral limit 2013: $17,500 2014: $17,500 $200,000 compensation limit 2013: $255,000 2014: $260,000 $160,000 defined benefit limit 2013: $205,000 […]