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Frequently Asked Facts:
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Maximum IRA Contribution |
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2009 |
$5,000 (+$1,000 for 50 or older) |
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2010 |
$5,000 (+$1,000 for 50 or older) |
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| 401(k) Contribution Limits |
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2009 |
$16,500 (+$5,000 for 50 or older) |
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2010 |
$16,500 (+$5,500 for 50 or older) |
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| Business Mileage Rates |
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2009 |
55
cents/mile |
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2010 |
50 cents/mile |
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| Social Security Wage
Base |
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2009 |
$
106,800 |
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2010 |
$
106,800 |
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Annual Gift Allowed |
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2009 |
$
13,000 |
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2010 |
$
13,000 |
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Health Savings Account Contributions |
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2009 |
Single - $3,000; Family - $5,950
(over 55, extra $1,000) |
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2010 |
Single - $3,050; Family - $6,150
(over 55, extra $1,000) |
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Roth IRA Compensation Limits |
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2009 |
Single - allowed under $105,000; prorated up to $120,000
Married - allowed under $166,000; prorated up to $176,000 |
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