Monthly Archives: December 2016

2017 IRS dollar limits: What’s new, what’s the same

The IRS has released some 2017 dollar amounts hat you’ll need for your payroll system. The maximum amount an employee can contribute to a flexible spending account is $2,600, up from $2,550 in 2016. The income exclusion for adoption assistance is $13,570, increasing from $13,460. Phase out starts when an employee’s adjusted gross income exceeds [...]

December 22nd, 2016|2017 Tax Changes|

Higher taxable wage base, other big 2017 changes

This year-end will be one of the most hectic The Social Security taxable wage base is about to make one of its biggest jumps – ever. Add to that the many other changes already piled on for this year-end, and you wonder how you’re going to keep your head above water. Here’s the latest: The [...]