2016 Fringe Benefit Inflation Adjustments: Quick Reference Chart Updated

Author: Rena Pirsos, XpertHR Legal Editor

The IRS has released the 2016 annual cost-of-living adjustments to certain employee benefits and taxable amounts, based on changes to the Consumer Price Index. These are the maximum amounts that may be excluded in 2016 from an employee's taxable income for specific benefits.

The Quick Reference chart on Annual Retirement Plan COLAs and Fringe Benefit Limitations has been updated with these new amounts.