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Quick Reference Guide
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2010
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2009
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Social Security %
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6.20
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6.20
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Medicare %
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1.45
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1.45
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Social Security Base
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106,800
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106,800
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Medicare Base
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No Limit
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No Limit
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Social Security Earnings Limit
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Under Age 66
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14,160
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14,160
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Age 66
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37,680
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37,680
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Auto Mileage - Business
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0.50
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0.55
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Auto Mileage - Medical
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0.165
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0.24
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Auto Mileage - Charitable
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0.14
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0.14
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Auto Mileage - Moving
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0.165
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0.24
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IRA Contribution - Under 50
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5,000
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5,000
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IRA Contribution - 50 and Over
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6,000
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6,000
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SIMPLE Deferral Limit - Under 50
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11,500
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11,500
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SIMPLE Deferral Limit - 50 and Over
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14,000
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14,000
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401(K) Contribution - Under 50
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16,500
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16,500
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401(K) Contribution - 50 and Over
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22,000
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22,000
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Estate and Gift Tax Unified Credit
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Unified Credit Exemption
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3,500,000
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3,500,000
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Gift Tax Annual Exclusion
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13,000
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13,000
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Section 179 Expensing
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Maximum Expensing Amount
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134,000
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250,000
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Purchase Threshold
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530,000
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800,000
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