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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.
 To maintain a close and continuing relationship with each of our clients. This continuity of service allows Taylor, Wainio & Neville to become thoroughly familiar with our clients' operations and personnel, and insures the most professional and efficient service possible to each client.  The firm belongs to the Private Companies Practice Section of the Division of CPA Firms of the American Institute of Certified Public Accountants. As a member of this section, the firm periodically undergoes peer reviews of the audit practice and system of quality control. |
