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Social Security Announces Increase in Wage Base for 2017

Based on a cost-of-living adjustment, monthly Social Security and Supplemental Security Income (SSI) benefits will increase by 0.3 percent in the coming year. For SSI beneficiaries, this will take effect on December 30, 2016 and Social Security beneficiaries will see the increase starting in January 2017.

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2017 Inflation Adjustment Amounts Released by IRS

To account for inflation rates, the Internal Revenue Service recently released more than 50 tax provisions, which will primarily affect individuals and families. These new adjustments will go into effect beginning with tax returns filed in 2018.

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Click on one of the following for additional updated information:
November 2016 Firm Newsletter
October 2016 S.A.L.T Newsletter

To learn more about Sanders Thaler Viola & Katz, LLP, visit www.st-cpas.com.

© 2016 Sanders Thaler Viola & Katz, LLP - Certified Public Accountants and Advisors - New York

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