The Internal Revenue Service today announced cost‑of‑living adjustments affecting dollar limitations for pension plans and other retirement-related items for tax year 2016. In general, the pension plan limitations will not change for 2016 because the increase in the cost-of-living index did not meet the statutory thresholds that trigger their adjustment. However, other limitations will change because the increase in the index did meet the statutory thresholds.
Season of Giving: Tax-Efficient Charitable Strategies for the Holidays and Beyond
December 5, 2024
Discover how charitable giving can benefit your finances and fulfill your philanthropic goals. Learn strategies to maximize tax advantages and plan for a legacy of giving.
