2016 Dollar Limitations on Benefits and Contributions

Posted on October 27, 2015

The IRS has announced (IR-2015-118) the cost-of-living adjustments for pension plans and other related items for the tax year 2016. The following table shows the 2016 dollar limitations in comparison to 2015. Most of the 2016 levels remain unchanged from 2015 because increases in the cost of living index did not meet the thresholds for adjustment.

2015 2016 Dollar Limitations On Benefits And Contributions

For additional information, please contact David M. Mosier by phone at (814) 459-2800 or via email at dmosier@kmgslaw.com.

David M. Mosier is an Shareholder at Knox McLaughlin Gornall & Sennett, P.C.’s Erie office.

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