Tax and Financial FAQs

The following are some of the important tax rates and changes that are in effect for 2011:

Did you know...The IRA contribution limit remains at $5,000 or $6,000 if the participant is 50 or older.

Did you know...Mileage rates for business and medical were increased to $0.51 and $0.19 respectively. The mileage rate for charity remains the same at $0.14.

 


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