What are the traditional and Roth IRA Contribution limits?

Where can I get specific IRS forms?

Where can I get specific State of Michigan forms?

What are the FICA and Medicare limits and rates for 2015, 2016?

What are the standard mileage rates for business miles driven during a year?

What is the Section 179 Expense Election Limit?

What is the long-term capital gains rate?

What is the tax rate on dividends received?

What are the traditional and Roth IRA Contribution Limits?

Traditional and Roth IRA Contribution Limits

Tax Years

Annual Contribution Limit

Annual Catch-Up Contribution Age 50 or Older

Max. Annual Contribution Limit Age 50 or Older (including Catch-up)

2015 $5,500 $1,000 $6,500
2016 $5,500 $1,000 $6,500

Where can I get specific IRS forms?

Internal Revenue Service

Where can I get specific State of Michigan forms?

State of Michigan

What are the FICA and Medicare limits and rates for 2015, 2016?

The social security wage base for 2015 and 2016 is 6.2% of $118,500.

The Medicare rate is 1.45% with no base limit.

What are the standard mileage rates for miles driven during a year?

  2015 2016
Business miles driven 57.5 ¢ 54.0 ¢
Medical or moving 23.0 ¢ 19.0 ¢
Charitable 14.0 ¢ 14.0 ¢

What is the Section 179 Expense Election Limit?

For tax year 2015 and 2016 the maximum deduction is $500,000.

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.