Tax Alert: IRS issues 2017 cost-of-living adjustmentsBy Avery E. Neumark | March 13, 2017 | Download PDF
Did you know that the IRS has adjusted cost of living thresholds?
This chart illustrates the year-on-year adjustments to dollar limitations for defined benefit and defined contribution plans, as well as for Social Security.
The 2017 cost-of-living adjustment amounts trend higher than 2016 amounts, but only slightly. How might these amounts affect your year-end tax planning or retirement planning? Contact us for answers.
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If you have questions about this alert, please contact Avery Neumark, Partner in our Tax Group, by phone at 212.324.7085 or via email at firstname.lastname@example.org, or any of our tax professionals.
About Avery E. Neumark
Avery E. Neumark, CPA, JD, LL.M, is a Partner in the Tax Group at Marks Paneth LLP. Mr. Neumark is an attorney with more than 35 years’ experience specializing in employee benefits and executive compensation, as well as ERISA, retirement and health and welfare planning, and compensation consulting. He has particular expertise in both for-profit and nonprofit sectors, and in serving high-net-worth individuals. His prior experience in professional services firms includes various leadership and management... READ MORE +