2017 IRS Limits Announced for Benefits and Other Tax Provisions

2017 IRS Limits Announced for Benefits and Other Tax Provisions

Members of Saul Ewing’s Tax and Employee Benefits and Executive Compensation Practices have outlined the recently announced 2017 dollar limits on the Social Security Wage Base, compensation and deferrals for retirement plans, and health and welfare plans, as well as PCORI fees, Medicare Part B premiums, and increases to Social Security increases in age and benefits. Please click here to view a chart comparing the dollar limits for 2016 and 2017. For more information regarding these and other changes in the law affecting employee benefits, please feel free to contact us.