Quotable Quotes

"The taxpayer -that's someone who works for the Federal Government but doesn't have to take the civil service examination."

                                            - Ronald Reagan

  

Informational Notes

   Some retirement plan limits for 2011

                

IRA Deduction Limit                                       $  5,000 

401(k) Maximum Exclusion (in general)        $ 17,000 

SIMPLE Contribution Limit                           $ 11,500

                Catch-up contributions over age 50:

         IRA                                    $  1,000

      401(k)                                   $  5,500

     SIMPLE Plan                       $  2,500

  

   2012, the standard mileage rates:

  • 55.5 cents per mile for business miles driven.
  • 23 cents per mile driven for medical or moving purposes.
  • 14 cents per mile driven in service of charitable organizations.

      

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