2017 Facts & Figures

FICA

SOCIAL SECURITY

MEDICARE

MEDICARE – Wages in exess of $200,000

Value

ER 6.2%

1.45%

0%

EE 6.2%

1.45%

0.9%

Wage Base Limit

$127,200

No Limit

Mileage Rates

Business: 53.5 Cents/mile

Moving: 17 Cents/mile

Medical: 17 Cents/mile

Charitable: 14 Cents/mile

 

Pension Plan

Limits

Catch-up Limit(Age 50+)

401K & 403B

$18,000

$6,000

Simple Accounts

$12,500

$3,000

Health Savings Account

Single

Family

catch-up Limit (Age 55+)

$3,350

$6,750

$1,000

Health Care Flexible Spending Accounts

Limits

$2,600

2016 Facts & Figures

FICA

SOCIAL SECURITY

MEDICARE

MEDICARE – Wages in exess of $200,000

Value

ER 6.2%

1.45%

0%

EE 6.2%

1.45%

0.9%

Wage Base Limit

$118,500

No Limit

Mileage Rates

Business: 54 Cents/mile

Moving: 19 Cents/mile

Medical: 19 Cents/mile

Charitable: 14 Cents/mile

 

Pension Plan

Limits

Catch-up Limit(Age 50+)

401K & 403B

$18,000

$6,000

Simple Accounts

$12,500

$3,000

Health Savings Account

Single

Family

catch-up Limit (Age 55+)

$3,350

$6,750

$1,000

Health Care Flexible Spending Accounts

Limits

$2,550

 

2015 Facts & Figures

FICA

SOCIAL SECURITY

MEDICARE

MEDICARE – Wages in exess of $200,000

Value

ER 6.2%

1.45%

0%

EE 6.2%

1.45%

0.9%

Wage Base Limit

$118,500

No Limit

Mileage Rates

Business: 57.5 Cents/mile

Moving: 23 Cents/mile

Medical: 23 Cents/mile

Charitable: 14 Cents/mile

 

Pension Plan

Limits

Catch-up Limit(Age 50+)

401K & 403B

$18,000

$6,000

Simple Accounts

$12,500

$3,000

Health Savings Account

Single

Family

catch-up Limit (Age 55+)

$3,350

$6,550

$7,550

Health Care Flexible Spending Accounts

Limits

$2,550

 

2014 Facts & Figures

FICA

SOCIAL SECURITY

MEDICARE

MEDICARE – Wages in exess of $200,000

Value

ER 6.2%

1.45%

0%

EE 6.2%

1.45%

0.9%

Wage Base Limit

$117,000

No Limit

Mileage Rates

Business: 56 Cents/mile

Moving: 23.5 Cents/mile

Medical: 23.5 Cents/mile

Charitable: 14 Cents/mile

 

Pension Plan

Limits

Catch-up Limit(Age 50+)

401K & 403B

$17,500

$5,500

Simple Accounts

$12,000

$2,500

Health Savings Account

Single

Family

catch-up Limit (Age 55+)

$3,300

$6,550

$7,550