IRS Announces 2015 pension plan amounts. 401k, 403b & 457 plans will have a maximum contribution of $18000. up from $17000 last year. For those 50 and over, they can contribute another $6000. up from $5000. last year.
Taxable wage base for social security wages increases in 2015 to $118,000, from $117,000. The rates remain the same @ 6.2% plus 1.45%. 6.2% goes until $118,000. but the 1.45% is on all wages.
