IRS Issues Cost-of-Living Adjustments for 2006

By Ascensus October 14, 2005

The IRS, on Friday, October 14, 2005, has issued the cost-of-living adjustments (COLAs) for 2006 for various retirement savings amounts relating to IRAs, IRA-based retirement…

SSA Announces 2006 Taxable Wage Base Increase

By Ascensus October 14, 2005

The Social Security Administration announced Friday, October 14, 2005, the taxable wage base (TWB) for 2006. The 2006 figure is $94,200 (increased from $90,000 for…

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