Federal Tax Data Sheet     2010 2009 Standard Deductions   Joint or Qualifying Widow(er) $11,400 $11,400   Single $5,700 $5,700   Head of Household $8,400 $8,350   Married Filing Separately $5,700 $5,700   Additional for Elderly/Blind-Married $1,100 $1,100   Additional for Elderly/Blind-Unmarried $1,400 $1,400   Taxpayer Claimed as Dependent* $950 $950 Personal/Dependent Exemption $3,650 $3,650 Unearned Income without Kiddie Tax $1,900 $1,900 Estate Tax Unified Credit Equivalent $0 $3,500,000 Gift Tax Annual Exclusion $13,000 $13,000 FICA/SE Tax Information   FICA/SE Tax Max Earnings** $106,800 $106,800   FICA (OASDI and HI) Tax Rate (Employee) 7.65% 7.65%   SE Tax Rate 15.30% 15.30% Auto Standard Mileage Allowances   Business .50 .55   Charity Work .14 .14   Medical/Moving .165 .24 Luxury Auto Deprecation Limits   First Year with Bonus Depreciation in First Year $10,960 for 2009 only $2,960*** $2,960   Second Year $4,800*** $4,800   Third Year $2,850*** $2,850   Fourth Year and Thereafter $1,775*** $1,775 Max Deductible 401(k) and 403(b)   Employee Contribution $16,500/$22,000**** $16,500/$22,000**** Self-Employed Health Insurance Deduction 100% 100% Section 179 Deduction $134,000 $250,000 Earnings Ceiling for Social Security   Below Age 65 $14,160 $14,160   Age 65 and Above Unlimited Unlimited *If an individual who can be claimed as a dependent on another's return has earned income, the standard deduction is the greater of $950 or $300 plus the earned income. However, the deduction may not exceed the regular standard deduction for that individual.  **The old age, survivors, and disability insurance (OASDI) wage limit. The hospital insurance (HI) portion of FICA (1.45% for employees and employers alike; 2.9% for self-employeds) applies to all wages/income without limit.  ****Higher amounts apply to trucks and vans. 2010 figures are estimated amounts. The IRS has not yet released official numbers. ***Limit will be different for certain employees because of the discrimination rules, % of salary limitations, etc. In addition, the higher of the two limits applies only to those age 50 or older.   4565 Hilton Parkway, Suite 101 Colorado Springs, CO 80907 (719) 531-0445   •  Fax: (719) 531-0448 1-888-733-3345