Public Announcements

Pursuant to Executive Order 13658,
the U.S. Department of Labor has issued a notice updating the minimum wage for federal contractors beginning January 1, 2017 to $10.20. https://www.gpo.gov/fdsys/pkg/FR-2016-09-20/pdf/2016-22515.pdf

U.S. Citizenship and Immigration Services (USCIS)
has announced that a revised Form I-9, Employment Eligibility Verification, has been approved. USCIS must publish the revised form by November 22, 2016. Employers may continue using the current version of Form I-9 until January 21, 2017. https://www.uscis.gov/i-9-central/whats-new 

IRS Warns of Phishing Scheme

The IRS issued an alert to payroll and human resources professionals to beware of a phishing email scheme that purports to be from company executives and requests personal information on employees.

 

IRS LIMIT ANNOUNCEMENTS:

SOCIAL SECURITY LIMIT: $127,200
401K MAXIMUM: $18,000 - Total Comp = $270,000
401K CATCH-UP: $6,000 for a total of $24,000
BUSINESS MILEAGE: 53.5 cents
MOVING/MEDICAL: 17 cents
CHARITABLE: 14 cents

HEALTH SAVINGS ACCOUNT: $3,400 FOR INDIVIDUAL AND $6,750 FOR FAMILY
HEALTH SAVINGS ACCOUNT CATCH-UP: $1,000
HEALTH CARE SPENDING ACCOUNT LIMIT: $2,600
DEPENDENT CARE SPENDING ACCOUNT LIMIT: $5,000 FOR MARRIED JOINT RETURNS AND $2,500 FOR MARRIED FILING SEPARATE RETURNS

TRANSIT PASSES: $130 PER MONTH
TRANSIT PARKING: $255 PER MONTH

ADOPTION ASSISTANCE: $13,570

2016

2015

2014 

2013

2012

2011

2010