Exemption Limits


NOTE:  Some exemptions have been changed mid-year.

Description20082009
Personal Exemption$3,500.00$3,650.00
Standard Deductions  
  Single$5,450.00$5,700.00
  Married$10,900.00$11,400.00
  Head of House$8,000.00$8,350.00
FICA Taxable Wages$102,000.00$106,800.00

  
Section 179$250,000.00$133,000.00
Estate Tax Unified Credit$2,000,000.00$3,500,000.00
Non-Taxable Gifts$12,000.00$13,000.00
Mileage Rates  
  Business Travel$0.505/$0.585$0.55
  Charity$0.14$0.14
  Medical and Moving$0.19/$0.27$0.24
Retirement Plans  
  Pension/SEP$46,000.00$49,000.00
  401k$15,500.00$16,500.00
     > 50 Catch Up$5,000.00$5,500.00
  Simple$10,500.00$11,500.00
    > 50 Catch Up$2,500.00$2,500.00
  IRA$5,000.00$5,000.00
    > 50 Catch Up$1,000.00$1,000.00

Contact Info:

Phone:

(800) 577-9304
(732) 577- 9300

FAX:

(732) 577-1245

Location:

52 N. Main St
Marlboro, NJ 07746
(Map)

Email:

General Information