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 |
Traditional IRA Catch-up Contribution | $1,000 | $1,000 |
Standard Mileage Rate | $0.54 | $0.5350 |
Alabama SUI Wage Limit | $8,000 | $8,000 |