QUICK FACTS
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  MILEAGE RATES          
        1/1/2008 7/1/2008 effective  
      2007 6/30/2008 12/31/2008 1/1/2009  
    Business Mileage Rate  $        0.485  $        0.505  $        0.585  $        0.550  
    Charitable Mileage Rate  $          0.14  $          0.14  $          0.14  $          0.14  
    Medical Mileage Rate  $          0.20  $          0.19  $          0.27  $          0.24  
    Moving Mileage Rate  $          0.20  $          0.19  $          0.27  $          0.24  
               
               
  IRA CONTRIBUTION LIMITS           
  (subject to compensation limits)           
      2007 2008 2009    
    Traditional IRA Lesser of $4,000.00 or 100% Earned Income Lesser of $5,000 or 100% Earned Income Lesser of $5,000 or 100% Earned Income    
    Roth IRA Lesser of $4,000.00 or 100% Earned Income Lesser of $5,000 or 100% Earned Income Lesser of $5,000 or 100% Earned Income    
    401(k) plans, 403(b) plans Lesser of $15,500 or 100% of participant's compensation Lesser of $15,500 or 100% of participant's compensation Lesser of $16,500 or 100% of participant's compensation    
    457(b) plans, SAR-SEP Plans Lesser of $15,500 or 100% of participant's compensation Lesser of $15,500 or 100% of participant's compensation Lesser of $16,500 or 100% of participant's compensation    
    Simple IRA and Simple 401(k) plans Lesser of $10,500 or 100% of participant's compensation Lesser of $10,500 or 100% of participant's compensation Lesser of $11,500 or 100% of participant's compensation    
               
    Additional Catch-Up Contributions (age 50 or older)          
    401(k) plans, 403(b) plans  $    5,000.00  $    5,000.00  $    5,500.00    
    457(b) plans, SAR-SEP plans  $    5,000.00  $    5,000.00  $    5,500.00    
    Simple IRA and Simple 401(k) plans  $    2,500.00  $    2,500.00  $    2,500.00    
    IRA (Traditional & Roth)  $    1,000.00  $    1,000.00  $    1,000.00    
               
               
  TAX RATES          
    Long-Term Capital Gains 2007 2008 2009    
    Taxpayers in Marginal tax brackets >15% 15 15 15    
    Taxpayers in Marginal tax brackets 15% or less 15 5 0    
    Taxpayers meeting income limitations 15 0 0    
               
    Annual Gift Exclusion 2007 2008 2009    
    Annual gift to single individual  $  12,000.00  $  12,000.00  $  13,000.00    
               
               
  COMMON DUE DATES          
  15-Jan 4th Individual Estimated Tax Payment for prior year      
  31-Jan Annual Payroll Reports          
  31-Jan Annual Forms 1096 & 1099 for non-employee compensation      
  31-Jan Business Property Listings          
  15-Mar Corporate Income Tax Returns           
  15-Mar Corporate Income Tax Extension Requests        
  15-Apr Partnership Income Tax Returns          
  15-Apr Partnership Income Tax Extension Requests        
  15-Apr Individual Income Tax Returns          
  15-Apr individual Income Tax Extension Requests        
  15-Apr 1st Individual Estimated Tax Payment for current year      
  15-Jun 2nd Individual Estimated Tax Payment for current year      
  15-Sep 3rd Individual Estimated Tax Payment for current year      
  15-Sep Extended Corporate and Partnership Income Tax Returns      
  15-Oct Extended Individual Income Tax Returns