Cost-Of-Living Adjustments for 2017 to IRS Caps

November 8, 2016

The IRS in Notice 2016-62 recently announced the Cost-Of-Living Adjustments for 2017 for various caps on benefits. Please click the following link to view Notice 2016-62: www.irs.gov/pub/irs-drop/n-16-62.pdf. One closely watched cap, the cap on employee contributions to 401(k) plans, remains unchanged at $18,000, and another closely watched cap, the cap on “catch up” contributions to 401(k) plans for individuals age 50 and older, also remains unchanged at $6,000. 

Please contact Jan G. Marsh at 678.336.7135 or Donald S. Kohla at 678.336.7140 if you have any questions about the Cost-Of-Living Adjustments for 2017.

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