I have placed frequently asked for amounts in the following table. This table should not be relied on as a complete source of information. The following amounts do not always apply to all taxpayers.

2012 2011 2010 2009 2008 2007 2006 Standard Deduction:   Single 5,950 5,800 5,700 5,700 5,450 5,350 5,150   Married Filing Jointly 11,900 11,600 11,400 11,400 10,900 10,700 10,300   Head of Household 8,700 8,500 8,400 8,350 8,000 7,850 7,550   Married Filing Separately 5,950 5,800 5,700 5,700 5,450 5,350 5,150   Additional Elderly/Blind-Married 1,150 1,150 1,100 1,100 1,050 1,050 1,000   Additional Elderly/Blind-Single 1,450 1,450 1,400 1,400 1,350 1,350 1,250   Taxpayer Claimed as a Dependent 950 950 950 950 900 850 850   Personal Exemption 3,800 3,700 3,650 3,650 3,500 3,400 3,300   Child Tax Credit 1,000 1,000 1,000 1,000 1,000 1,000 1,000   Standard Mileage Rate:   Business .51 .555/.510 .50 .55 .585/.505 .485 .445   Charity .14 .14 .14 .14 .14 .14 .14   Medical/Moving .19 .19/.235 .165 .24 .27/.19 .20 .18   FICA Limit 110,100 106,800 106,800 106,800 102,000 97,500 94,200   Section 179 Deduction 125,000 500,000 500,000 250,000 250,000 125,000 108,000   Health Savings Accounts (HSAs):   Max Self-coverage contribution 3,100 3,050 3,050 3,000 2,900 2,850 2,700   Max Family-coverage contribution 6,250 6,150 6,150 5,950 5,800 5,650 5,450   Profit Sharing Plans:   Max 401(k)Deferral 17,000 16,500 16,500 16,500 15,500 15,500 15,000   - 50 and over additional 5,500 5,500 5,500 5,500 5,000 5,000 5,000   SIMPLE Plan Max Deferral 11,500 11,500 11,500 11,500 10,500 10,500 10,000   - 50 and over additional 2,500 2,500 2,500 2,500 2,500 2,500 2,500   IRA 5,000 5,000 5,000 5,000 5,000 4,000 4,000   - 50 and over additional 1,000 1,000 1,000 1,000 1,000 1,000 1,000   Max Earnings for Soc. Sec-Under 65 14,640 14,160 14,160 14,160 13,560 12,960 12,480   Gift and Estate Tax:   Aprplicable Exclusion Amount 5,120,000 5,000,000 N/A 3,500,000 2,000,000 2,000,000 2,000,000   Oregon Exclusion Amount 1,000,000 1,000,000 1,000,000 1,000,000 1,000,000 1,000,000 1,000,000   Gift Tax Annual Exclusion 13,000 13,000 13,000 13,000 12,000 12,000 12,000

Last modified 11/23/11