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The Armbruster Capital Management News & Education section of our website incorporates articles, vidcasts, and newsletters specifically geared towards issues that our clients are facing today.

ACM Journal - Investment Management
22 Jan

2018 Tax Facts – Q4 2017 Newsletter

  1. $18,500 maximum salary deferral to a 401(k) or 403(b) plan (up $500 from 2017).
  2. $6,000 catch-up contributions to 401(k) plans or 403(b) plans for individuals age 50 and older (same as 2017).
  3. $12,500 maximum salary deferral to a SIMPLE plan (same as 2017).
  4. $55,000 maximum contributions to SEP IRA accounts and Solo 401(k) accounts (up from $54,000 in 2017).
  5. $5,500 maximum contributions to IRA accounts and $1,000 catch-up contributions for individuals age 50 and older (same as 2017).
  6. $11,200,000 federal estate tax exemption (up from $5,490,000 in 2017).
  7. $5,250,000 New York state estate tax exemption (same as 2017).
  8. $15,000 per person annual gift tax exclusion (up $1,000 from 2017).
  9. 2.0% cost of living adjustment for Social Security benefits.
  10. Maximum contributions to Health Savings Accounts of $3,450 and $6,900 for single and family coverage respectively, with a $1,000 catch-up for individual age 55 and older.

To Download the complete 2017 Q4 Newsletter please click below.