 |
Category |
2010 |
2009 |
2008 |
| Standard
Mileage Rates |
| Business |
$0.50
|
$0.55
|
$0.505
$0.585 |
| Charity |
$0.14 |
$0.14 |
$0.14 |
| Moving/Medical |
$0.165 |
$0.24 |
$0.27 |
| Maximum
Wage Base, Social Security Tax |
$106,800 |
$106,800 |
$102,000 |
| HSA Single |
$3050 |
$3000 |
$2900 |
| HSA Family |
$6150 |
$5950 |
$5800 |
| 401(k) Deferred Limit |
$16,500 |
$16,500 |
$15,500 |
| Simple Plan Limit |
$11,500 |
$11,500 |
$10,500 |
| Retirement Plan Wage Limit |
$245,000 |
$245,000 |
$230,000 |
| Defined Contribution
Limit |
$49,000 |
$49,000 |
$46,000 |
| Section 179 Expense |
$250,000 |
$250,000 |
$128,000 |
| Maximum IRA Contribution |
$5,000 |
$5,000 |
$5,000 |
|
| "Catch-up
Contributions" |
| IRA |
$1,000 |
$1,000 |
$1,000 |
| Simple IRA |
$2,500 |
$2,500 |
$2,500 |
| 401K |
$5,500 |
$5,500 |
$5,000 |
| HSA |
$1,000 |
$1,000 |
$900 |
| Estate
Tax Exemption |
* |
$3,500,000 |
$2,000,000 |
| Gift
Tax Exclusion |
* |
$1,000,000 |
$1,000,000 |
| Annual
Gift Tax Exemption |
$13,000 |
$13,000 |
$12,000 |
| Nanny
Tax Threshold |
$1,700 |
$1,700 |
$1,600 |
* Congress is expected to pass estate and gift tax legislation in 2010 and make it retroactive to January 1, 2010. We shall update information at that time.
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