2014 Limits for Benefit Plans
|
|
- Agnes Dennis
- 5 years ago
- Views:
Transcription
1 2014 Limits for Benefit Plans November 2013 Each year, the U.S. government adjusts the limits for retirement plans, Social Security, Medicare, and other benefit programs to reflect price and wage inflation, and changes in the law. As a result, employee benefit plans must be adapted annually to accommodate the new limits. All of the numbers in this report are official unless otherwise indicated. Retirement Plans Published by IRS Annual compensation: 1 Basic limit $ 260,000 $ 255,000 $ 250,000 $ 245,000 Certain governmental plans $ 385,000 $ 380,000 $ 375,000 $ 360,000 Limits on benefits and contributions: Defined benefit plans, basic limit 2 $ 210,000 $ 205,000 $ 200,000 $ 195,000 Defined contribution plans, basic limit 2 $ 52,000 $ 51,000 $ 50,000 $ 49, (k) and 403(b) plans, elective deferrals $ 17,500 $ 17,500 $ 17,000 $ 16, (b) plans, elective deferrals $ 17,500 $ 17,500 $ 17,000 $ 16, compensation limit adjustment factor Catch-up contributions: 401(k), 403(b), or governmental 457(b) plans $ 5,500 $ 5,500 $ 5,500 $ 5,500 SIMPLE plans $ 2,500 $ 2,500 $ 2,500 $ 2,500 Highly Compensated definition 4 $ 115,000 $ 115,000 $ 115,000 $ 110,000 Officer for Key Employee definition $ 170,000 $ 165,000 $ 165,000 $ 160,000 SIMPLE plans: elective deferral limit $ 12,000 $ 12,000 $ 11,500 $ 11,500 Simplified employee pensions: Minimum compensation $ 550 $ 550 $ 550 $ 550 Maximum compensation $ 260,000 $ 255,000 $ 250,000 $ 245,000 Tax credit ESOPS: 5-year limit $ 1,050,000 $ 1,035,000 $ 1,015,000 $ 985,000 Additional 1-year limit $ 210,000 $ 205,000 $ 200,000 $ 195, (c) excess employee compensation $ 1,084,000 $ 1,066,000 $ 1,039,000 $ 1,014,000 Covered compensation at age 65 5 $ 72,600 $ 69,900 $ 67,200 $ 64,464 _ Limit applies to plan year (or 12 consecutive-month period) beginning in indicated calendar year. Limit applies to limitation year ending in indicated calendar year. The adjustment factor of for 2011 and for 2012 apply for a participant who separated from service before January 1, For a participant who separated from service during 2010 or 2011, the 2011 adjustment factor is and the 2012 adjustment factor is Limit applies to compensation during the plan year beginning in indicated calendar year to determine highly compensated for following plan year. Amount applies in indicated calendar year to individuals age 65 in that year. It does not include increases beyond age 65 for individuals with a Social Security normal retirement age greater than 65. As of the date this is published, the 2014 amount was not yet official Limits for Benefit Plans, November
2 Defined Benefit Plans Published by PBGC Maximum guaranteed benefit $ 59, $ 57, $ 55, $ 54, Single employer premium: Fixed-rate, per participant $ 49 $ 42 $ 35 $ 35 Variable-rate (% of unfunded liability) 1.4% 0.9% 0.9% 0.9% Variable-rate (per participant maximum) $ 412 $ 400 Multiemployer premium $ 12 $ 12 $ 9 $ 9 Social Security Published by SSA Payroll taxes: Employer share/employee share 6 both 6.20% both 6.20% 6.20%/4.20% 6.20%/4.20% Wage base $ 117,000 $ 113,700 $ 110,100 $ 106,800 Earnings test thresholds: Years before normal retirement age 7 $ 15,480 $ 15,120 $ 14,640 $ 14,160 Year of normal retirement age 8 $ 41,400 $ 40,080 $ 38,880 $ 37,680 Cost-of-living adjustment, at end of prior year 1.5% 1.7% 3.6% 0.0% Maximum annual benefit, at age 65 9 $ 29,172 $ 28,968 $ 27,720 $ 26,988 Primary Insurance Amount (PIA) bend points : 90% of average indexed monthly earnings (AIME) up to: $ 816 $ 791 $ 767 $ % of excess AIME up to (and 15% of excess over): $ 4,917 $ 4,768 $ 4,624 $ 4,517 Family maximum bend points : 150% of PIA up to: $ 1,042 $ 1,011 $ 980 $ % of excess PIA up to: $ 1,505 $ 1,459 $ 1,415 $ 1, % of excess PIA up to (and 175% of excess over): $ 1,962 $ 1,903 $ 1,845 $ 1,803 Average covered wages, for indexing wages $ 44, $ 42, The reduction in the employee share to 4.2% was extended through February 29, 2012 by the Temporary Payroll Tax Cut Continuation Act of 2011 and further extended through the end of 2012 by the Middle Class Tax Relief and Job Creation Act of In 2009 through 2020, the Social Security normal retirement age is age 66. The normal retirement age will gradually increase to age 67 in This earnings test applies in the months before a worker s Social Security normal retirement age in the year the worker attains that age. For example, the earnings test would apply to a worker born in November 1948 for the 10 months before the Social Security normal retirement age of 66 (i.e., November 2014). For retirement at age 65, the Social Security benefit is reduced for early retirement Limits for Benefit Plans, November
3 Medicare Published by Centers for Medicare & Medicaid Services Part A (hospital insurance): Payroll tax rate, employee share 1.45% 1.45% 1.45% 1.45% Wage base unlimited unlimited unlimited unlimited Additional tax rate, employee only % 0.9% Inpatient deductible $ 1, $ 1, $ 1, $ 1, Daily coinsurance, days $ $ $ $ Daily coinsurance, days lifetime reserve $ $ $ $ Daily coinsurance, skilled nursing facility $ $ $ $ Part B (supplementary medical insurance): Monthly premium 11 $ $ $ $ Deductible $ $ $ $ Part D (standard drug insurance): Monthly premium 12 $ 31 $ 30 $ 30 $ 30 Deductible $ 310 $ 325 $ 320 $ 310 Initial coverage limit (Medicare pays 75%) $ 2,850 $ 2,970 $ 2,930 $ 2,840 Out-of-pocket threshold (Medicare pays 0%) $ 4,550 $ 4,750 $ 4,700 $ 4,550 Catastrophic coverage (Medicare pays 95%) $ 6, $ 6, $ 6, $ 6, Health Savings Accounts Published by IRS Single Family Single Family Single Family Single Family Maximum contributions $ 3,300 $ 6,550 $ 3,250 $ 6,450 $ 3,100 $ 6,250 $ 3,050 $ 6,150 Minimum deductible $ 1,250 $ 2,500 $ 1,250 $ 2,500 $ 1,200 $ 2,400 $ 1,200 $ 2,400 Maximum out-of-pocket 13 $ 6,350 $ 12,700 $ 6,250 $ 12,500 $ 6,050 $ 12,100 $ 5,950 $ 11,900 Catch-up contributions $ 1,000 $ 1,000 $ 1,000 $ 1,000 $ 1,000 $ 1,000 $ 1,000 $ 1,000 Medical Savings Accounts Published by IRS Contribution Single $ 1, $2, $ 1, $2, $ 1, $2, $ 1, $1, range Family $ 3, $4, $ 3, $4, $ 3, $4, $ 3, $4, Deductible Single $ 2,200-$3,250 $ 2,150-$3,200 $ 2,100-$3,150 $ 2,050-$3,050 range Family $ 4,350-$6,550 $ 4,300-$6,450 $ 4,200-$6,300 $ 4,100-$6,150 Maximum Single $ 4,350 $ 4,300 $ 4,200 $ 4,100 Out-of-pocket Family $ 8,000 $ 7,850 $ 7,650 $ 7, On individual s wages and other compensation in excess of $200,000 (or, if married filing a joint return, $250,000). 11 The income-related Part B premiums for 2014 will be $146.90, $209.80, $272.70, or $335.70, if an individual s modified adjusted gross income exceeds $85,000, $107,000, $160,000, or $214,000, respectively (or, if married filing a joint return, $170,000, $214,000, $320,000, or $428,000, respectively). The base premium and income-related amounts do not reflect the hold harmless limit (capping premiums at prior year levels for most individuals). 12 These figures are averages. The premiums vary depending upon the type of coverage and the private sector insurer sponsoring the Part D plan. 13 Starting in 2014, the maximum out-of-pocket applies to all plans, not just HSA-eligible, High Deductible Health Plans Limits for Benefit Plans, November
4 Long-Term Care Insurance Deductible Premiums Published by IRS Age 40 or less $ 370 $ 360 $ 350 $ 340 Age $ 700 $ 680 $ 660 $ 640 Age $ 1,400 $ 1,360 $ 1,310 $ 1,270 Age $ 3,720 $ 3,640 $ 3,500 $ 3,390 Older than 70 $ 4,660 $ 4,550 $ 4,370 $ 4,240 Control Employee Definition for Commuting Valuation Published by IRS Officer compensation $ 105,000 $ 100,000 $ 100,000 $ 95,000 Employee compensation $ 210,000 $ 205,000 $ 205,000 $ 195,000 Dependent Care Assistance Plans Maximum $ 5,000 $ 5,000 $ 5,000 $ 5,000 Qualified Transportation Fringe Benefits Published by IRS Monthly parking $ 250 $ 245 $ 240 $ 230 Monthly transit pass/commuter vehicle 14 $ 130 $ 245 $ 240 $ 230 Adoption Exclusion and Credit Published by IRS Maximum for exclusion and credit, per child $ 13,190 $ 12,970 $ 12,650 $ 13,360 Phase-out start for credit 15 $ 197,880 $ 194,580 $ 189,710 $ 185,210 Federal Standard Deduction and Exemption Published by IRS Basic standard deduction: Married filing jointly $ 12,400 $ 12,200 $ 11,900 $ 11,600 Head of household $ 9,100 $ 8,950 $ 8,700 $ 8,500 Single $ 6,200 $ 6,100 $ 5,950 $ 5,800 Personal exemption $ 3,950 $ 3,900 $ 3,800 $ 3, For months beginning after February 17, 2009 and before January 1, 2012, the monthly limit was increased to $230 from $120. The American Taxpayer Relief Act of 2012 increased the amount from $ to $ retroactively to January 1, Completely phased out in 2014 for taxpayers with modified adjusted gross income of $237,880 or more Limits for Benefit Plans, November
5 Federal Income Tax Brackets Published by IRS Married filing jointly: Rate Tax Bracket Tax Bracket Tax Bracket Tax Bracket income in excess of amounts 15.0% $ 18,150 $ 17,850 $ 17,400 $ 17, % $ 73,800 $ 72,500 $ 70,700 $ 69, % $ 148,850 $ 146,400 $ 142,700 $ 139, % $ 226,850 $ 223,050 $ 217,450 $ 212, % $ 457,600 $ 450,000 Head of household: income in excess of amounts 15.0% $ 12,950 $ 12,750 $ 12,400 $ 12, % $ 49,400 $ 48,600 $ 47,350 $ 46, % $ 127,550 $ 125,450 $ 122,300 $ 119, % $ 206,600 $ 203,150 $ 198,050 $ 193, % $ 432,200 $ 425,000 Single: income in excess of amounts 15.0% $ 9,075 $ 8,925 $ 8,700 $ 8, % $ 36,900 $ 36,250 $ 35,350 $ 34, % $ 89,350 $ 87,850 $ 85,650 $ 83, % $ 186,350 $ 183,250 $ 178,650 $ 174, % $ 406,750 $ 400,000 About Aon Hewitt Aon Hewitt empowers organizations and individuals to secure a better future through innovative talent, retirement and health solutions. We advise, design and execute a wide range of solutions that enable clients to cultivate talent to drive organizational and personal performance and growth, navigate retirement risk while providing new levels of financial security, and redefine health solutions for greater choice, affordability and wellness. Aon Hewitt is the global leader in human resource solutions, with over 30,000 professionals in 90 countries serving more than 20,000 clients worldwide. For more information on Aon Hewitt, please visit Aon plc This document is intended for general information purposes only and should not be construed as advice or opinions on any specific facts or circumstances. The comments in this summary are based upon Hewitt s preliminary analysis of publicly available information. The content of this document is made available on an as is basis, without warranty of any kind. Hewitt disclaims any legal liability to any person or organization for loss or damage caused by or resulting from any reliance placed on that content. Hewitt reserves all rights to the content of this document Limits for Benefit Plans, November
2013 Limits for Benefit Plans
2013 Limits for Benefit Plans February 2013 Each year, the U.S. government adjusts the limits for pension plans, Social Security, Medicare, and other benefit programs to reflect price and wage inflation,
More information2012 Limits for Benefit Plans
2012 Limits for Benefit Plans February 2012 Each year, the U.S. government adjusts the limits for pension plans, Social Security, Medicare, and other benefit programs to reflect price and wage inflation,
More information2011 Limits for Benefit Plans Updated
2011 Limits for Benefit Plans Updated Each year, the U.S. government adjusts the limits for pension plans, Social Security, Medicare, and other benefit programs to reflect price and wage inflation, and
More information2018 Limits for Benefit Plans
2018 Limits for Benefit Plans November 2017 Each year, the U.S. government adjusts the limits for retirement plans, Social Security, Medicare, and other benefit programs to reflect price and wage inflation,
More informationGlobal Health Care Update
Global Health Care Update March/April 2014 This bimonthly Update summarizes recent legislative developments and trends related to health care and highlights recently passed and pending legislation that
More informationGlobal Health Care Update
Global Health Care Update November/December 2013 This bimonthly Update summarizes recent legislative developments and trends related to health care and highlights recently passed and pending legislation
More informationHow Minimum Is Your Health Insurance Coverage? IRS Proposes Regulations on Offering and Maintaining Minimum Essential Coverage Starting in 2014
How Minimum Is Your Health Insurance Coverage? IRS Proposes Regulations on Offering and Maintaining Minimum Essential Coverage Starting in 2014 February 2013 Proposed regulations issued by the Treasury
More informationGuidance on Transitional Reinsurance Fees Brings Holiday Gifts for Some Employers and Coal for Others
Guidance on Transitional Reinsurance Fees Brings Holiday Gifts for Some Employers and Coal for Others December 2013 The U.S. Department of Health and Human Services (HHS) provided additional guidance on
More informationIndividual Income Tax Planning
18401 Murdock Circle Suite B Port Charlotte, FL 33948 941-627-4774 linda.cross@raymondjames.com www.raymondjames.com/sommervillegroup 2012 Key Numbers June 2012 Individual Income Tax Planning Adoption
More informationGlobal Health Care Update
Global Health Care Update May/June 2013 This bimonthly Update summarizes recent legislative developments and trends related to health care and highlights recently passed and pending legislation that may
More informationTax Inflation Numbers 2018 & 2019
Tax Inflation Numbers 2018 & 2019 Standard Deduction Filing Status Single 12,000 12,200 MFJ/QW 24,000 24,400 HOH 18,000 18,350 MFS 12,000 12,200 Additional Standard Deduction (Age 65 or older or Blind)
More informatione4 Brokerage, LLC th St. South Suite C Fargo, ND
e4 Brokerage, LLC 2280 45th St. South Suite C Fargo, ND 58104 701-356-1270 866-356-3203 sbergee@e4brokerage.com www.e4brokerage.com 2017 Tax Facts Guide 1/01/2017 Page 1 of 28, see disclaimer on final
More informationTax Inflation Numbers 2017 & 2018
Tax Inflation Numbers 2017 & 2018 Standard Deduction Filing Status Single 6,350 12,000 MFJ/QW 12,700 24,000 HOH 9,350 18,000 MFS 6,350 12,000 Additional Standard Deduction (Age 65 or older or Blind) Filing
More informationSignificant Compensation and Benefit Due Dates for 2011 January 2011
Significant Compensation and Benefit Due Dates for 2011 January 2011 This compliance calendar assumes a plan administered on a calendar year-end basis by an employer with a calendar year-end fiscal year.
More information2014 Retirement Webinar Series
2014 Retirement Webinar Series Funding Strategies for Nonqualified Plans Byron Beebe, Mark Merlotti, Aon Hewitt James Schokett, VF Corporation Today s Agenda Section 1 Section 2 Section 3 Section 4 Why
More informationArticle from: Pension Section News. February 2002 Issue No. 48
Article from: Pension Section News February 2002 Issue No. 48 ISSUE NO. 48 FEBRUARY 2002 Chairperson s Corner What to do When They Move the Goalposts? by Paul Angelo Summary of 2002 IRC, PBGC, Federal
More information2014 Retirement Webinar Series
2014 Retirement Webinar Series Putting the Pieces Together Understanding Changes Affecting Pension De-Risking and Settlement Strategies Ari Jacobs, Chris Birch, Barb Hogg, Aon Hewitt Tami Kucera, USG Corporation
More informationPortland Harbor Group of Raymond James January 08, 2018
Portland Harbor Group of Raymond James Claire Cooney, CFP Financial Planning Associate Two Portland Square Suite 701 Portland, ME 04101 207-771-1815 claire.cooney@raymondjames.com www.portlandharborgroup.com
More informationSK Wealth Management, LLC November 18, 2014
SK Wealth Management, LLC Jason Archambault, CFP, CPA/PFS Managing Member 55 Dorrance Street Providence, RI 02903 401-331-1575 jarchambault@skwealth.com http://skwealth.com 2015 Key Numbers SKWealth clients
More informationTOOLS AND TECHNIQUES OF EMPLOYEE BENEFIT AND RETIREMENT PLANNING 12 TH EDITION
TOOLS AND TECHNIQUES OF EMPLOYEE BENEFIT AND RETIREMENT PLANNING 12 TH EDITION 2012 Supplement Chapter 1 pp. 4, 11-12 In 2012 the contribution limit for a 401(k) participant is $17,000. Catch-up contributions
More informationAon Hewitt Compliance Calendar - Significant Compensation and Benefit Due Dates for 2012
Aon Hewitt Compliance Calendar - Significant Compensation and Benefit Due Dates for 2012 January 2012 This Compliance Calendar assumes a plan administered on a calendar year basis by an employer with a
More informationGlobal Retirement Update
Aon Hewitt Legislative Reporting Global Retirement Update October 2014 This Update summarizes recent legislative developments and trends related to retirement and financial management and highlights recently
More informationHHS Proposes $63 Transitional Reinsurance Fee for Group Health Plans in 2014
HHS Proposes $63 Transitional Reinsurance Fee for Group Health Plans in 2014 December 2012 The Department of Health and Human Services (HHS) issued a proposed rule on November 30, 2012 that will impose
More informationWEALTH MANAGEMENT 2016 FINANCIAL PLANNING LIMITS AND TAX RATE SCHEDULES
WEALTH MANAGEMENT 2016 FINANCIAL PLANNING LIMITS AND TAX RATE SCHEDULES Building success together. One advisor at a time. Addressing the complexities of financial planning with your most valuable clients
More informationThe Commerce Company 5440 Southwest Westgate Drive Suite 110 Portland, OR thecommco.
The Commerce Company 5440 Southwest Westgate Drive Suite 110 Portland, OR 97221 503-203-8585 onlineresources@thecommco.com thecommco.com 2018 Key Numbers June 14, 2018 Individual Income Tax Planning Adoption
More informationHealth Care Reform Provision (effective January 1, 2014) School City of Hobart Medical Plan
Health Care Reform: We ve Got You Covered The health care reform law officially called the Patient Protection and Affordable Care Act of 2010 (ACA for short) is here to stay. Additional changes resulting
More information2015 Retirement Webinar Series. Prepared by Aon Hewitt Retirement and Investment
2015 Retirement Webinar Series Prepared by Aon Hewitt Retirement and Investment 2015 Hot Topics in Retirement Results Rob Austin, Director of Retirement Research Byron Beebe, US Retirement Market Leader
More informationWailea Capital Group October 14, 2006
Laurence Balter, AAMS, Principal 3356 W Lani Ikena Way Wailea, HI 96753 Maui 808-875-6555 Oahu 808-531-6555 waileacapital@lpl.com www.waileacapital.com 2006 Key Numbers Page 2 Individual Income Tax Planning
More informationCannon Financial Institute February 18, 2015
Cannon Financial Institute Duane E. Lee, II, CFP CWS, AIFA, CTFA, CRSP Executive Vice President 649-4 South Milledge Ave. Athens, GA 30604 706-353-3346 dlee@cannonfinancial.com www.cannonfinancial.com
More information2019 Federal Tax Information
IRS 2019 Federal Tax Information A reference guide for individuals This guide includes the Internal Revenue Service (IRS) declared tax rate schedules, tax tables and cost of living adjustments for certain
More informationIf You Offer It, Participants Will Use It
If You Offer It, Participants Will Use It Roth Usage in Defined Contribution Plans May 2016 Risk. Reinsurance. Human Resources. If You Offer It, Participants Will Use It: Roth Usage in Defined Contribution
More information2014 Retirement Webinar Series
2014 Retirement Webinar Series Summer in Washington What it Means for Retirement Plans Hitz Burton, Aon Hewitt Barb Hogg, Aon Hewitt Matt Maloney, Aon Hewitt Steve Shepherd, Hewitt EnnisKnupp, Inc. 1 Summer
More informationThe Financial Advisors, LLC January 02, 2019
The Financial Advisors, LLC Louis Bonasera, CPA, PFS, MST CPA Financial Planner 40R Merrimac Street Newburyport, MA 01950-3065 978-857-7315 xx 303 lou@the-financial-advisors.com www.the-financial-advisors.com
More informationComprehensive Key Numbers
Cannon Financial Institute Duane E. Lee, II, CFP CWS, AIFA, CTFA, CRSP Executive Vice President 1315 Eakin Creek Cr. Huntley, IL 60142 224-858-4878 dlee@cannonfinancial.com www.cannonfinancial.com Comprehensive
More informationFunding Stabilization and PBGC Premium Increases
Funding Stabilization and PBGC Premium Increases Strategic Implications for Pension Plan Sponsors October 2012 Risk. Reinsurance. Human Resources. On June 29, 2012, the House and Senate passed H.R. 4348,
More informationGlobal Retirement Update
Global Retirement Update February 2014 This Update summarizes recent legislative developments and trends related to retirement and financial management and highlights recently passed and pending legislation
More information2017 Federal Tax Information
2017 Federal Tax Information This guide includes the Internal Revenue Service (IRS) declared tax rate schedules, tax tables and cost of living adjustments for certain tax items and provisions. Federal
More informationGlobal Report: Global Survey of Retirement Plan Accounting Assumptions
Global Report: Global Survey of Retirement Plan Accounting Assumptions July 2014 This report presents the results of Aon Hewitt s global survey of accounting assumptions used for employee benefit plans
More informationCannon Financial Institute Prepared for: December 18, 2018
Cannon Financial Institute Duane Lee Duane E. Lee, II, CFP CWS, AIFA, CTFA, CRSP Executive Vice President 13156 Eakin Creek Court Huntley, IL 60142 224-858-4878 duanelee@charter.net www.cannonfinancial.com
More informationAon Hewitt Compliance Calendar Significant Compensation and Benefit Due Dates for 2015
Aon Hewitt Compliance Calendar Significant Compensation and Benefit s for 2015 Aon Hewitt is pleased to present its 2015 Compliance Calendar to help plan sponsors identify significant compensation and
More information2007 AND 2008 INFLATION-ADJUSTED TAX RATES
2007 AND 2008 INFLATION-ADJUSTED TAX RATES STANDARD DEDUCTION Filing Status Single $5,350 $5,450 Married, filing jointly/ss $10,700 $10,900 Head of household $7,850 $8,000 Married, filing separately $5,350
More information2013 Retirement Webinar Series
2013 Retirement Webinar Series 2013 Trends in Retirement, Focusing on Your Plan s Financial Wellness Byron Beebe, Virginia Maguire, Rob Reiskytl, Aon Hewitt Alisa Hunt, Kimberly-Clark 1 Agenda Section
More informationFINANCIAL PLANNING LIMITS AND TAX RATE SCHEDULES
Labs: Wealth Management FINANCIAL PLANNING LIMITS AND TAX RATE SCHEDULES Introduction Addressing the complexities of financial planning with your most valuable clients can be difficult. To help, Janus
More informationEmployers Initial Reaction to Health Care Reform: Retiree Strategy Survey
Consulting Health & Benefits Employers Initial Reaction to Health Care Reform: Retiree Strategy Survey 2 Aon Consulting About This Survey The health care reform legislation enacted in March 2010 represents
More informationAon Hewitt Retirement & Investment
Risk. Reinsurance. Human Resources. After more than five years, on April 6, 2016 the U.S. Department of Labor ( DOL ) issued the final regulations defining what it means to be an investment advice fiduciary.
More information10% $0 9,525 10% $0 9,700 12% 9,526 38,700 12% 9,701 39,475 22% 38,701 82,500 22% 39,476 84,200 24% 82, ,500 24% 84, ,725
INDIVIDUAL TAX RATES Status Rate* Bracket Rate* Bracket 10% $0 9,525 10% $0 9,700 12% 9,526 38,700 12% 9,701 39,475 22% 38,701 82,500 22% 39,476 84,200 Single 24% 82,501 157,500 24% 84,201 160,725 32%
More informationAHIC Stable Value Quarterly
AHIC Stable Value Quarterly Aon Hewitt Investment Consulting Stable Value Research Team September 30, 2014 Aon Hewitt Retirement and Investment Investment advice and consulting services provided by Aon
More informationTax Changes for 2016: A Checklist
Tax Changes for 2016: A Checklist Welcome, 2016! As the New Year rolls around, it's always a sure bet that there will be changes to current tax law and 2016 is no different. From health savings accounts
More informationGlobal Retirement Update
Global Retirement Update January 2013 This Update summarizes recent legislative developments and trends related to retirement and financial management and highlights recently passed and pending legislation
More informationGlobal Retirement Update
Global Retirement Update February 2013 This Update summarizes recent legislative developments and trends related to retirement and financial management and highlights recently passed and pending legislation
More informationTax Facts At-A-Glance
2013 Tax Facts At-A-Glance Income Taxes 2012 If Taxable Income is: But Not Of the Over Over The Tax is Amount Over Married Filing Jointly: $ 0 $ 17,400 $ 0 + 10% $ 0 17,400 70,700 1,740 + 15% 17,400 70,700
More informationTax Facts At-A-Glance
2015 Tax Facts At-A-Glance Income Taxes 2014 If Taxable Income is: But Not Of the Over Over The Tax is Amount Over Married Filing Jointly: $ 0 $ 18,150 $ 0 + 10% $ 0 18,150 73,800 1,815 + 15% 18,150 73,800
More informationRetirement Practice Legal Consulting & Compliance Quarterly Update
Retirement Practice Legal Consulting & Compliance Quarterly Update Notes From the Editor By Jennifer Ross Berrian Welcome to the Retirement Practice Legal Consulting & Compliance Quarterly Update. This
More information10% $0 9,325 10% $0 9,525 15% 9,326 37,950 12% 9,526 38,700 25% 37,951 91,900 22% 38,701 82,500 28% 91, ,650 24% 82, ,500
INDIVIDUAL TAX RATES Status Rate* Bracket Rate* Bracket 10% $0 9,325 10% $0 9,525 15% 9,326 37,950 12% 9,526 38,700 25% 37,951 91,900 22% 38,701 82,500 Single 28% 91,901 191,650 24% 82,501 157,500 33%
More informationYour Health Insurance Options under Health Care Reform
Your Health Insurance Options under Health Care Reform The health care reform law requires that most Americans have health insurance by January 1, 2014. It is in place to make sure Americans have access
More informationGlobal Retirement Update
Aon Hewitt Legislative Reporting Global Retirement Update February 2015 This Update summarizes recent legislative developments and trends related to retirement and financial management and highlights recently
More informationKEY NUMBERS 2018 (REVISED FOR THE TAX CUTS AND JOBS ACT)
KEY NUMBERS 2018 (REVISED FOR THE TAX CUTS AND JOBS ACT) Individual Income Tax Unmarried Individual (Other than Surviving Spouse and Head of Household)* $0 $9,525 10% $9,525 $38,700 12% $38,700 $82,500
More informationKey Numbers 2017 Presented by Nancy LaPointe
Key Numbers 2017 Presented by Nancy LaPointe Individual Income Tax Unmarried Individuals (other than Surviving Spouses and Heads of Household) $9,325 or less 10% of taxable income Over $9,325 to $37,950
More informationSUBTITLE _ REPEAL AND REPLACE OF HEALTH-RELATED TAX POLICY SECTION _01: RECAPTURE EXCESS ADVANCE PAYMENTS OF PREMIUM TAX CREDITS
SUBTITLE _ REPEAL AND REPLACE OF HEALTH-RELATED TAX POLICY SECTION _01: RECAPTURE EXCESS ADVANCE PAYMENTS OF PREMIUM TAX CREDITS The amount a household is required to pay towards their premiums is based
More informationBy the Numbers: The 2013 Indexed Pension and Social Security Numbers
By the Numbers: The 2013 Indexed Pension and Social Security Numbers Kenn Beam Tacchino, JD, LLM David A. Littell, JD, ChFC, CFP Jamie Patrick Hopkins, JD, MBA Abstract: We present the 2013 indexed pension
More information2017 vs Key Facts and Figures
2017 vs. 2018 Key Facts and Figures Note: We highlighted the information that changed between 2017 and 2018 with a box. * 2018 numbers are based on the Tax Cuts and Jobs Act (TCJA) of 2017. (Note: the
More information2019 Aon Compliance Calendar Significant Compensation and Benefit Due Dates. Prepared by Aon
2019 Aon Compliance Calendar Significant Compensation and Benefit Due Dates Prepared by Aon 2019 Aon Compliance Calendar Significant Compensation and Benefit Due Dates Aon is pleased to present its 2019
More information2012 IRA and Tax Planning Reference Guide Use this guide to keep the information you need at your fingertips.
OppenheimerFunds Retirement Services 2012 IRA and Tax Planning Reference Guide Use this guide to keep the information you need at your fingertips. Retirement Plans Annual Limit Traditional IRA Deductibility
More information2018 Aon Compliance Calendar Significant Compensation and Benefit Due Dates
2018 Aon Compliance Calendar Significant Compensation and Benefit Due Dates Aon is pleased to present its 2018 Compliance Calendar to help plan sponsors identify significant compensation and benefit due
More informationAPPENDIX G: PROVIDED TAX TABLES
APPENDIX G: PROVIDED TAX TABLES The tax tables and limits below are provided to individuals taking the March 2018 CFP Certification Examination. Exam Window Tax Rates, Tables, & Law Tested July 2017 2017
More information2018 Index Figures. In addition, individuals are liable for a 0.9 percent "Additional Medicare Tax" on all wages exceeding specific threshold amounts.
2018 Index Figures The Internal Revenue Service (IRS) and Social Security Administration have released the cost-of-living (COLA) adjustments that apply dollar limitations set forth in certain IRS Code
More informationGlobal Retirement Update
Global Retirement Update September 2013 This Update summarizes recent legislative developments and trends related to retirement and financial management and highlights recently passed and pending legislation
More informationA GUIDE TO 2017 TAX LAW CHANGES (AND MORE)
A GUIDE TO 2017 TAX LAW CHANGES (AND MORE) Presented by Zuk Financial Group As taxpayers and tax preparers send in 1040 forms for 2016, they are also wondering about the changes to federal tax law that
More information2014 Retirement Webinar Series
2014 Retirement Webinar Series Emerging Trends in DC Investments: Learning from the Leaders Alison Borland, Clinton Cary, Winfield Evens Retirement Webinar Series February 19, 2014 1 Agenda Section 1 Section
More informationGlobal Retirement Update
Aon Hewitt Legislative Reporting Global Retirement Update May 2015 This Update summarizes recent legislative developments and trends related to retirement and financial management and highlights recently
More informationQuick Reference Charts
Quick Reference Charts Revised 03-01-18 QRC - 1 Table of Contents Federal Tax Information... 3 Federal AGI Phase-Out Ranges... 6 Retirement Plans, IRAs & Employee Benefits... 7 QRC - 2 Beginning of 15*/12%
More informationUnderstanding How Much Alternative Assets Your Portfolio Can Handle
Understanding How Much Alternative Assets Your Portfolio Can Handle Managing Liquidity Risk for Private Sector Defined Benefit Plans with De-risking Glide Paths September 2014 Risk. Reinsurance. Human
More informationKey Numbers for 2018 (Revised for the Tax Cuts and Jobs Act) Presented by David Fedor
Key Numbers for 2018 (Revised for the Tax Cuts and Jobs Act) Presented by David Fedor Individual Income Tax Unmarried Individual (Other than Surviving Spouse and Head of Household) The tax rate of taxable
More informationPlanning for Health Care in Retirement
Planning for Health Care in Retirement It s on your client s mind. Is it on yours? For investment professional use only. Not FDIC Insured May Lose Value No Bank Guarantee Agenda Health care costs Understanding
More informationUnderstanding the Effects of the 2001, 2003, and 2004 Income Tax Cuts
Understanding the Effects of the 2001, 2003, and 2004 Income Tax Cuts The major tax laws of the past 4-5 years have probably had a significant impact on your paycheck and your overall tax bill. Among other
More informationQuick Reference Charts
Quick Reference Charts Revised 04-15-16 QRC - 1 Table of Contents Federal Tax Information... 3 Federal AGI Phase-Out Ranges... 5 Retirement Plans, IRAs & Employee Benefits... 7 QRC - 2 Federal Tax Information
More information2016 vs Key Facts and Figures
2016 vs. 2017 Key Facts and Figures Keir Educational Resources compiled the following key facts and figures for the CFP Certification Examination to assist you with your preparation for this comprehensive
More informationTAX FACTS. and Tables 2018 AT A GLANCE
TAX FACTS and Tables 2018 AT A GLANCE Are you making smart financial decisions that can help reduce your taxes The first step in reducing the amount of tax you pay on your savings and personal finances
More informationTAX FACTS. and Tables 2018 AT A GLANCE
TAX FACTS and Tables 2018 AT A GLANCE Are you making smart financial decisions that can help reduce your taxes The first step in reducing the amount of tax you pay on your savings and personal finances
More information2017 Updates as of
2017 Updates as of 11-1-2016 South Carolina Withholding Tax Tables are being updated for the first time in 25 years! On January 1, 2017 new withholding tables will be in effect for South Carolina and will
More informationLAST CHANCE TO REDUCE 2018 INCOME TAXES
LAST CHANCE TO REDUCE 2018 INCOME TAXES Presented by: James J. Holtzman, CFP Wealth Advisor and Shareholder with Legend Financial Advisors, Inc. JAMES J. HOLTZMAN, CFP James J. Holtzman, CFP, is a Wealth
More informationEmployer Reaction to Health Care Reform: Retiree Strategy Survey
Consulting Health & Benefits Employer Reaction to Health Care Reform: Retiree Strategy Survey 2 Aon Consulting About This Survey The health care reform legislation enacted in March 2010 represents the
More informationSummary of House Discussion Draft, February 10, 2017
Summary of House Discussion Draft, February 10, 2017 This summary describes key provisions of House Discussion Draft, dated February 10, 2017, reported in the media as a plan to repeal and replace the
More informationHealth Care Reform Update
Updated March 9, 2011 Health Care Reform Update Health Care Reform Timeline for Employer-Sponsored Plans This timeline provides some of the key dates associated with the Patient Protection and Affordable
More informationWhat the New Tax Laws Mean to You
What the New Tax Laws Mean to You The American Taxpayer Relief Act of 2012 and other 2013 tax provisions January 2013 White Paper AN OVERVIEW OF THE AMERICAN TAXPAYER RELIEF ACT OF 2012 AND OTHER 2013
More informationTax Cuts and Jobs Act Summary of Select Provisions
Tax Cuts and Jobs Act Summary of Select Provisions Updated January 3, 2018 Retirement Provisions Pre-tax elective deferral limit Hardship distributions Eligible employees may contribute up to $18,500 per
More informationInformation for Age 65+ NXP Medicare-Eligible Retirees and Medicare-Eligible Dependents
Information for Age 65+ NXP Medicare-Eligible Retirees and Medicare-Eligible Dependents Beginning January 1, 2016, NXP retirees who are at least 65 years old and eligible for Medicare (or their dependent
More information2016 Medicare Deductibles and Premiums
2016 Medicare Deductibles and Premiums Yesterday the Centers for Medicare & Medicaid Services (CMS) announced the 2016 premiums and deductibles for the Medicare inpatient hospital (Part A) and physician
More informationAn Overview of Medicare
An Overview of Medicare March 27, 2015 Alliance for Health Reform Medicare 101 Juliette Cubanski, Ph.D. Associate Director, Program on Medicare Policy Kaiser Family Foundation Exhibit 1 Medicare Past and
More informationAon Delegated DC Services
Aon Hewitt Delegated DC Services Aon Delegated DC Services Risk. Reinsurance. Human Resources. About Aon Hewitt Aon Hewitt empowers organizations and individuals to secure a better future through innovative
More informationWHAT S NEW IN TAXES FOR 2016 by Robert D Flach, the internet s Wandering Tax Pro
WHAT S NEW IN TAXES FOR 2016 by Robert D Flach, the internet s Wandering Tax Pro Here is the inflation-adjusted and COLA numbers for tax year 2016. Many items have not changed from 2015 - THE STANDARD
More informationThe Opportunity Allocation
Research Presented by HEK s Idea Development Forum: The Opportunity Allocation A Tool to Provide Maximum Flexibility with Implementation May 2013 Hewitt EnnisKnupp, An Aon Company 2013 Aon plc Consulting
More informationSAVE 2018 INCOME TAXES! LAST MINUTE TAX PLANNING TIPS. Presented by: James J. Holtzman, CFP
SAVE 2018 INCOME TAXES! LAST MINUTE TAX PLANNING TIPS Presented by: James J. Holtzman, CFP JAMES J. HOLTZMAN, CFP James J. Holtzman, CFP, is a Wealth Advisor and Shareholder with Legend Financial Advisors,
More information901 East Cary Street, Suite 1100, Richmond, VA
2017 Tax Planning & Reference Guide The 2017 Tax Planning & Reference Guide is designed as a reference and is not intended to function as tax advice. Please consult your professional accounting advisor
More informationMEDICARE PLANNING WORKBOOK
Make the most of Medicare. To learn more about Transamerica s Field Guide to Medicare series and to get support materials: Contact: Your Financial Professional MEDICARE PLANNING WORKBOOK A FIELD GUIDE
More informationAldridge Financial Consultants January 12, 2013
Aldridge Financial Consultants Mark D. Aldridge, CFP, CFA, ChFC 3021 Bethel Road Suite 100 Columbus, OH 43220 614-824-3080 Fax 614 824-3082 mark.aldridge@raymondjames.com www.markaldridge.com Health-Care
More informationLAST CHANCE 2017 INCOME TAX MINIMIZATION TIPS
LAST CHANCE 2017 INCOME TAX MINIMIZATION TIPS Presented by: James J. Holtzman, CFP Wealth Advisor and Shareholder with Legend Financial Advisors, Inc. JAMES J. HOLTZMAN, CFP James J. Holtzman, CFP, is
More informationAPPENDIX G: PROVIDED TAX TABLES
APPENDIX G: PROVIDED TAX TABLES The tax tables and limits below are provided to individuals taking the November 2018 CFP Certification Examination. EXAM WINDOW TAX RATES, TABLES, & LAW TESTED November
More informationTAX FACTS AND TABLES at a glance
TAX FACTS AND TABLES 2013 at a glance Are you making smart investment decisions that can help Reduce your taxes The first step in reducing the amount of tax you pay on your investments is to get the facts.
More informationHSAs and Medicare. No. You can open and contribute to an HSA at age 65 or later as long as you meet HSA eligibility requirements, which are:
HSA GPS Fact Sheet Series HSAs and Medicare Many individuals are confused at the intersection of Health Savings Accounts (HSAs) and Medicare. Two different federal agencies have primary responsibility
More information