2009 - 2010 Tax Numbers

2009 - 2010 Tax Numbers - 2009 & 2010 FIGURES INCOME...

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IGURES INCOME TAX 2009 2010 Annual Gift Exclusion $13,000 $13,000 Child Tax Credit $1,000 $1,000 Coverdell Contribution Limit $2,000 $2,000 $5,028 $5,036 Highly Compensated Employee $110,000 $110,000 Key Employee $160,000 $160,000 Foreign Income Exclusion $91,400 $91,500 Fringe Benefits • Qualified Parking $230 $230 • Qualified Transportation $230 1 1. Note that for January and February 2009, the amount that can be excluded from gross income for transit passes and commuter high- way vehicle use is $120 per month. $230 • Adoption Expenses Credit $12,150 $12,170 • Adoption Expenses Phaseout $182,180 - $222,180 $182,520 - $222,520 Gain Personal Residence Exclusion • Single $250,000 $250,000 • Married Filing Jointly $500,000 $500,000 HDHP Deductible Range • Individual $1,150 - $5,800 $1,200 - $5,950 • Family $2,300 - $11,600 $2,400 - $11,900 HSA Maximum Contribution • Individual $3,000 $3,050 • Family
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