01/05/2010

Auto Standard Mileage Rates:
Business
2009 55 cents
2010 50 cents (yes, it went down)

Volunteer/Charity Work
2009 14 cents
2010 14 cents

Medical and Moving
2009 24 cents
2010 16.5 cents

Max IRA Contribution 2009 and 2010 $5,000 (or $6,000 for over age 50)

Max 401(k) Deferral 2009 and 2010 $16,500 (or $22,000 over age 50)

Max SIMPLE Deferral 2009 and 2010 $11,500 (or $14,000 over age 50)

Earnings Ceiling for Social Security
2009 and 2010 Below full retirement age $14,160
2009 and 2010 Year full retirement reached $37,680
2009 and 2010 Full retirement age Unlimited

Social Security Wage Base 2009 and 2010 $106,800

Roth Eligibility Phase Out:
2009 Joint Returns $166,000-$176,000 phase out
2009 Single and Head of Household $105,000-$120,000 phase out
2009 Married Filing Separately $0-$10,000 phase out

2010 Joint Returns $167,000-$177,000 phase out
2010 Single and Head of Household $105,000-$120,000 phase out
2010 Married Filing Separately $0-$10,000 phase out

Health Savings Account Contribution Limits (High Deductible Plans and not the same thing as Medical Savings Accounts)

2009 Max Contribution Self Coverage $3,000 (+$1,000 catchup)
2009 Max Contribution Family $5,950 (+$1,000 catchup)

2010 Max Contribution Self Coverage $3,050 (+$1,000 catchup)
2010 Max Contribution Family $6,150 (+$1,000 catchup)