Exemption Limits


NOTE:  Some exemptions have been changed mid-year.

Description20112012
Personal Exemption$3,700.00$3,800.00
Standard Deductions  
  Single$5,800.00$5,950.00
  Married$11,600.00$11,900.00
  Head of House$8,500.00$8,700.00
FICA Taxable Wages$106,800.00$110,100.00

  
Section 179$500,000.00$139,000.00
Estate Tax Unified Credit$5,000,000.00$5,120,000.00
Non-Taxable Gifts$13,00.00$13,000.00
Mileage Rates  
  Business Travel$0.51$055.5
  Charity$0.14$0.14
  Medical and Moving$0.19$0.23
Retirement Plans  
  Pension/SEP$49,000.00$50,000.00
  401k$16,500.00$17,000.00
     > 50 Catch Up$5,500.00$5,500.00
  Simple$11,500.00$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