Key Financial Numbers

	2009	2008	2007	2006
401 (k) Elective Employee Deferral	$16,500	$15,500	$15,500	$15,000
Maximum Catch-up Provision (Age 50+)	$5,500	$5,000	$5,000	$5,000
Qualified Plan Covered Compensation Limit	$245,000	$230,000	$225,000	$220,000
Taxable Wage Base	$106,800	$102,000	$97,500	$94,200
OASDI Tax Rate (FICA)	6.2%	6.2%	6.2%	6.2%
Maximum OASDI	$6,622	$6,324	$6,045	$5,840
HI Tax Rate (FUTA) (applies to total earnings)	1.45%	1.45%	1.45%	1.45%
Education Savings:                                       529 Plans- Distributions are Tax Free for Education After 2001 Education IRA's - Funding limits increased to $2000 in 2002                           with Phase out limits at $190,000(MFJ)       *State Tax- Pennsylvania residents get a state tax deduction for contributions and no tax upon qualifying withdrawals.
Retirement  Traditional and ROTH IRA Contribution Limits - 2004-$4000,2008-$5000    Simple IRA Contribution Limit : 2004-$9000, 2005 & 2006 $10,000, 2007 & 2008-$10,500  Maximum Catch-up $2,500
Estate & Gift Planning  Gift Tax Exemption : $1,000,000 Estate Exemption Amount :     $1,500,000 - 2004,2005                                                  $2,000,000 - 2006- 2008                                                  $3,500,000 - 2009
Capital Gains Tax - Long Term - 15% maximum tax on assets held more than 12 months
Sale of Primary Residence Exclusion - $500,000 Joint Return Owned & Occupied 2 of the last 5 years - $250,000 Single Return
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