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Key 2009 Financial Data/Limits
| Individual Income Tax Rates |
10%, 15%, 25%, 28%, 33%, 35% |
| Capital Gains Tax Rates |
0%, 15% |
| Annual Gift Tax Exemption |
$13,000 per donor per donee |
| Lifetime Gift Tax Exclusion |
$1,000,000 |
| Federal Estate Tax Exclusion |
$3,500,000 |
| NYS Estate Tax Exclusion |
$1,000,000 |
| Maximum Social Security Benefit |
$2,323/month |
| Social Security Tax Income Limit |
$106,800 |
| Social Security Tax up to Limit |
6.2% |
| Medicare Tax |
1.45% |
| Contribution Limits: |
|
| Defined-Contribution Plans |
$49,000 |
| 401(k)/403(b)/457(b) Plans |
$16,500 |
| Catch-Up, age 50 or higher |
$5,500 |
| SIMPLE Plans |
$11,500 |
| Catch-Up, age 50 or higher |
$2,500 |
| IRAs, Roth IRAs |
$5,000 |
| Catch-Up, age 50 or higher |
$1,000 |
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