The FICA limit for 2010 is $ 106,800

The standard mileage rate for business use of an auto is 50 cents per mile

The 401(k) deferral amount for 2010 is $16,500 and the catch up contribution for taxpayers over 50 is an additional $5,500

Section 179 expense for 2010 is $ 250,000 and is not phased out until $800,000 of taxable income

Non Cash donations in excess of $5,000 requires a written appraisal

The tax act of 2003 reduced the long term capital gains rate to 15%

Qualifying dividends are taxed at the same rates as long term capital gains through 2010

Traditional and Roth IRA's for 2010 are $5,000 for taxpayers under age 50 and $6,000 for over age 50

The annual gift tax exclusion is $ 13,000 for 2010

The maximum contribution to a health savings account in 2010 is $6,150