Month: October 2016

IRS Announces 2017 Cost of Living Adjustments

Cost of living adjustments

The IRS just announced the 2017 cost-of-living adjustments. There re numerous adjustments but some of the highlights are discussed below. The IRA contribution limits remain unchanged at $5,500 with the catch-up still at an additional $1,000, while the IRA phase-out for IRA contributions also climbed by $1,000 to $99,000 to $119,000 (married) and $62,000 to… Read more »