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What are the traditional and Roth IRA Contribution Limits? Traditional and Roth IRA Contribution Limits
* indexed for inflation thereafter in $500 increments
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Where can I get specific IRS forms? By fax: 703.368.9694 By website: Internal
Revenue Service
Where can I get specific State of Michigan forms? By fax: 517.241.8730 By website: State
of Michigan
What are the FICA and Medicare limits and rates for 2010,2011? What are the FICA and Medicare limits and rates for 2010 and 2011? The social security wage base for 2010 is 6.2% and for 2011 is 4.2% of $106,800. The Medicare rate is 1.45% with no base limit.
What are the standard mileage rates for miles driven during a year?
What is the Section 179 Expense Election Limit? For tax years beginning in 2010 and 2011 the maximum deduction is $500,000 per year. For tax years beginning in 2012 and thereafter the maximum deduction is reduced to $25,000.
What is the long-term capital gains rate? The maximum capital gains rate is 15%.
What is the tax rate on dividends received? Dividends received by an individual shareholder after December 31, 2002 are taxed at the same rates that apply to capital gains.
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