Standard Deduction  -  Individual

$ 11,400

Standard Deduction  -  Married Filing Joint

$   8,400

Standard Deduction  -  Head of Household

$   5,700

Maximum IRA Deductible Contribution

$   5,000

Maximum 401K Deductible Contribution

$ 16,500

Teacher’s Expense Deduction

$ 250.00 per year

Business Use Mileage Rates

$ .50 per mile

Medical and Moving Mileage

$ .165 per mile

Miles Driven for Charitable Purposes

$ .14 per mile

First Time Homebuyer Credit

$ 8000

Capital Gains Rates:

          Long Term (Taxpayer in 10-15% bracket)

0%

          General Rate (Short Term)

15%

          High Rate (Art/Collectibles)

28%

Student Loan Interest Deduction Limit

$   2,500

Hope Education Credit

$   1,800

Lifetime Learning Credit

$   2,000

American Opportunity (Modified Hope) Credit (First 4 yrs only)  (2010)

$   2,500

Section 179 Deduction Limit

$134,000

Health Savings Account Maximum Contribution

$   3,000 Indiv

$   5,950 Family

Donations from IRA to Charity for those 70 1/2 or older

$100,000 max/year