2011 2012Standard DeductionJoint or Qualifying Widow(er) 11,600$ 11,900$ Single 5,800 5,950 Head of Household 8,500 8,700 Married Filing Separately 5,800 5,950 Additional for Elderly/Blind

Married or Qualifying Widow(er) 1,150 1,150 Unmarried 1,450 1,450

Taxpayer claimed as dependent 950 950

Personal/Dependent Exemption 3,700$ 3,800$

Unearned Income without Kiddie Tax 1,900$ 1,900$

FICA/SE Tax Max Earnings 106,800$ 110,100$

Auto Standard Mileage AllowancesBusiness $ .51/.555 0.555$ Charity Work 0.14 0.14 Medical/Moving .19/.235 0.23

Max Section 179 Deduction 500,000$ 139,000$

AMT Exemption AmountJoint or Qualifying Widow(er) 74,450$ 45,000$ Single 48,450 33,750 Head of Household 48,450 33,750 Married Filing Separately 37,225 22,500

Qualified Retirement PlansAnnual Compensation Limit for Determining Benefits

& Contributions 245,000$ 250,000$

SEP IRA Maximum Contribution 49,000$ 50,000$

Traditional IRA Maximum ContributionUnder age 50 5,000$ 5,000$ Age 50 or older 6,000 6,000

401(k) Maximum ContributionUnder age 50 16,500$ 17,000$ Age 50 or older 22,000 22,500

2011-2012 Federal Tax Data