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Quick Reference Guide

2015

2014

Social Security %

6.20

6.20

Medicare %

1.45

1.45

Social Security Base

117,000

117,000

Medicare Base

No Limit

No Limit

Social Security Earnings Limits

Under Age 66

15,720

15,480

Age 66

41,800

41,400

Over Age 66

No Limit

No Limit

Auto Mileage - Medical

0.23

0.235

Auto Mileage - Charitable

0.140

0.140

Auto Mileage - Moving

0.23

0.235

IRA Contribution - Under 50

5,500

5,500

IRA Contribution - 50 and Over

6,500

6,500

SIMPLE Deferral Limit - Under 50

12,500

12,000

SIMPLE Deferral Limit - 50 and Over

15,500

14,500

401(K) Contribution - Under 50

18,000

17,500

401(K) Contribution - 50 and Over

24,000

23,000

Estate and Gift Tax Unified Credit

Unified Credit Exemption

5,430,000

5,340,000

Gift Tax Annual Exclusion

14,000

14,000

Section 179 Expensing

Maximum Expensing Amount

25,000

500,000

Purchase Threshold

200,000

2,000,000

Bonus Depreciation

0

50%