January 2017

2017 Payroll Tax Rates and Limits Changes

January 30th, 2017 by AdvaPay Tech

    2016 2017 Social Security Wage Limit $118,500 $127,200 Federal Unemployment Tax (FUTA) Wage Limit        $7,000 $7,000       Retirement Contribution Limit Changes:     401(k)/SEP/403(b)/457 Deferrals $18,000 $18,000 Qualified Plan/403(b)/457 Catch-up Contributions $6,000 $6,000 SIMPLE IRA $12,500 $12,500 SIMPLE IRA Catch-up Contributions $3,000 $3,000 Traditional IRA Contribution $5,500 $5,500 […]

Read More