As you pull together your tax information for 2015, we thought you might benefit from this handy ‘cheat sheet’ which contains 2016 tax rates and contribution limits. We refer to it often during the year as we advise our clients in order to answer a number of questions such as:
- How much can I contribute to my 401k in 2016?
- Can I make a deductible IRA contribution in 2016?
- What tax bracket am I in?
- Will my social security be taxed in 2016?