November 2015 Issue Highlights
- November 2015 note from the editor
- Profile: Theresa J. Allen, Certified PPACA Professional
- I Do More Than Implement Policy
- Highlights of the 31st Annual KYSHRM Conference in Louisville
- Highlights of the 23rd Annual TNSHRM Conference in Chattanooga
- Preview of the 24th Annual TNSHRM Conference in Memphis
- Highlights of the 2015 ARSHRM ELLA Conference in Little Rock
- Preview of the 6th Annual WTSHRM Employment Law Conference in Jackson
- Earn 2.00 HRCI Credits at Bass Berry Sims Seminar November 17 in Memphis
- Preview of MBA | SHRM-Memphis Seminar December 4
- Highlights of HRO Partners Seminar on Sweeping Overtime Rule Changes
- Highlights of MSBGH 2015 Annual Healthcare Summit in Clinton
- Preview Littler Seminar – Navigating the Rising Legal Waters December 10 in Memphis
- Preview of Association for Women Attorneys | SHRM-Memphis Seminar December 17 in Memphis
- Book Your Holiday Parties Now – 50% Discount for SHRM Members!
- Tennessee Worker’s Compensation Handbook Now Available
- 2015 SHRM Benefits Survey
- The Impact of 2016 Election on Employers by Gabe McGaha
- Ergonomics . . . Because Your Mother Said So? by Theresa J. Allen
- Communicating Employee Benefits by Brad Owens
- The Deadline for ACA Reporting Requirements is Looming by Jennifer Kiesewetter
- Best Practices for Selecting a Plan Advisor by Charles Sims, Jr.
- Simplified Analytics: Easing the Employer’s Cost, Quality Burden in Healthcare by Heather Lavoie
- Small Banks Tap Independent Advisors to Drive Growth
- Audit Quality Study Signals Changes Ahead for Employee Benefit Plans by Linda Lauer
- Reinventing HR: Educate. Motivate. Inspire by Trish Holliday
- Meet Amy DuFrane, CEO of the Human Resource Certification Institute
- New DOL Rule Limits Status for Home Healthcare Workers by Greg Northen
- Wage and Hour Issues Continue for Hospitality Industry by Jennifer Hagerman
- H1-B Violations Costly to Healthcare Company by Bruce E. Buchanan
- 7 Toxic Types to Stay Clear of at Work by Harvey Deutschendorf
- How to Succeed in HR Without Really Trying by Clifford Stephan
(WASHINGTON, Oct. 21, 2015) The Internal Revenue Service announced cost‑of‑living adjustments affecting dollar limitations for pension plans and other retirement-related items for tax year 2016. In general, the pension plan limitations will not change for 2016 because the increase in the cost-of-living index did not meet the statutory thresholds that trigger their adjustment. However, other limitations will change because the increase in the index did meet the statutory thresholds. The highlights of limitations that changed from 2015 to 2016 include the following:
For an IRA contributor who is not covered by a workplace retirement plan and is married to someone who is covered, the deduction is phased out if the couple’s income is between $184,000 and $194,000, up from $183,000 and $193,000.
The AGI phase-out range for taxpayers making contributions to a Roth IRA is $184,000 to $194,000 for married couples filing jointly, up from $183,000 to $193,000. For singles and heads of household, the income phase-out range is $117,000 to $132,000, up from $116,000 to $131,000.
The AGI limit for the saver’s credit (also known as the retirement savings contribution credit) for low- and moderate-income workers is $61,500 for married couples filing jointly, up from $61,000; $46,125 for heads of household, up from $45,750; and $30,750 for married individuals filing separately and for singles, up from $30,500.
For more details, please visit www.irs.gov
HR Professionals Magazine is an exciting monthly trade publication designed to educate and inform HR professionals in every discipline of the Human Resources function. We cover current hot topics on employment law, staffing and recruiting, compensation and benefits, employee relations, diversity, ethics, business leadership, relocation, employee training and development, payroll, and HR technology. Employment law will not only focus on federal legislation, but also on state and local regulations for Tennessee, Arkansas, and Mississippi. Articles are detailed and comprehensive written by local HR specialists, educators, and attorneys who are highly regarded as experts in their respective fields.
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