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Frequently Asked Facts:
|
Maximum IRA Contribution |
| |
2011 & 2012 |
$5,000 ($6,000 for 50 or older) |
| 401(k) Contribution Limits |
| |
2011 |
$16,500 ($21,500 for 50 or older) |
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2012 |
$17,000 ($22s,500 for 50 or older) |
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| Business Mileage Rates |
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1/2011-6/2011 |
51
cents/mile |
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7/2011-12/2011 |
55.5 cents/mile |
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2012
|
55.5 cents/mile |
| Social Security Wage
Base |
| |
2011 |
$
106,800 |
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2012 |
$
110,100 |
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Annual Gift Allowed |
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2011 & 2012 |
$
13,000 |
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|
HSA Contributions (high deductible insurance plans) |
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2011 |
Single-$3,050 Family-$6,150 55+ extra $1,000 |
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2012 |
Single-$3,100 Family-$6,250 55+ extra $1,000 |
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Roth IRA Income Limits |
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2011 |
Single - allowed under $107,000; prorated up to $122,000
Married - allowed under $169,000; prorated up to $179,000 |
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2011 |
Single - allowed under $107,000; prorated up to $122,000
Married - allowed under $169,000; prorated up to $179,000 |
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California SDI Wage Base |
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2011 |
$93,316 at 1.2% - max $1,119.79 |
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2012 |
$95,585 at 1% - max $955.85 |
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