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Retirement Limitations 20141 20152 20163
Elective Deferrals 401(k) and 403(b)
(not including adjustments and catch-ups)
$17,500 $18,000 $18,000
401(k) Catch-Up Contribution Limit $5,500 $6,000 $6,000
457(b)(2) and 457(c)(1) Limits
(not including catch-ups)
$17,500 $18,000 $18,000
Defined Benefit Plans $210,000 $210,000 $210,000
Defined Contribution Plans $52,000 $53,000 $53,000
Annual Compensation Limit $260,000 $265,000 $265,000
Individual Retirement Accounts (IRAs),
for Individuals 49 and Below
$5,500 $5,500 $5,500
Individual Retirement Accounts (IRAs),
for Individuals 50 and Above
$6,500 $6,500 $6,500
SIMPLE Retirement Accounts $12,000 $12,500 $12,500
SIMPLE Retirement Catch-Up Contribution Limit $2,500 $3,000 $3,000
1 2014 limits reflect issuance of IRS Notice 2013-86 (October 31, 2013).
2 2015 limits reflect issuance of IRS Notice 2014-99 (October 23, 2014).
3 2016 limits reflect issuance of IRS Notice 2015-118 (October 21, 2015).


Payroll Tax Data 20141 20152 20163
Income Subject to Social Security Tax $117,000 $118,500 $118,500
FICA Tax for Employers 7.65% 7.65% 7.65%
FICA Tax for Employees 7.65% 7.65% 7.65%
Social Security Tax for Employers 6.2% 6.2% 6.2%
Social Security Tax for Employees 6.2% 6.2% 6.2%
Medicare Tax for Employees and Employers 1.45% 1.45% 1.45%
FICA Tax for self-employed workers 15.3% 15.3% 15.3%
Social Security Tax for Self-Employed Workers 12.4% 12.4% 12.4%
Medicare Tax for Self-Employed Workers 2.9% 2.9% 2.9%
1 2014 rates reflect issuance of Social Security Administration News Release (October 30, 2013).
2 2015 rates reflect issuance of Social Security Administration News Release (October 22, 2014).
3 2016 rates reflect issuance of Social Security Administration News Release.


Mileage Reimbursements 20141 20152 20163
1/1 to 12/31 1/1 to 12/31 1/1 to Current
Business Mileage .56/mile .575/mile .54/mile
Medical/Moving Mileage .235/mile .23/mile .19/mile
Charitable Mileage .14/mile .14/mile .14/mile
1 2014 rates reflect issuance of IRS Announces 2014 Standard Mileage Rates (December 6, 2013).
2 2015 rates reflect issuance of New Standard Mileage Rates Now Available; Business Rate to Rise in 2015 (December 10, 2014).
3 2016 rates reflect issuance of 2016 Standard Mileage Rates for Business, Medical and Moving Announced (December 17, 2015).


Miscellaneous Tax Data 2014* 2015* 2016*
Gift Tax Exclusion $14,000 $14,000 $14,000
* As published in IRS Announces Increases in Tax Benefits for 2014, in 2015, Various Tax Benefits Increase Due to Inflation Adjustments, and in What's New - Estate and Gift Tax (2016).

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