Key 2007 IRS figures & limitations
The IRS has recently started releasing 2007 figures & limitations. Here is a brief listing with links to the corresponding IRS news releases:
Personal & Dependency Exemption amount $3,400
Standard Deduction
Married-filing-joint $10,700
Head-of-household $7,850
Single $5,350
401(k) Contribution limit $15,500
Standard business mileage rate $.485/mile
Standard charity mileage rate $.14/mile
Standard Medical & Moving mileage rate $.20/mile
Personal & Dependency Exemption amount $3,400
Standard Deduction
Married-filing-joint $10,700
Head-of-household $7,850
Single $5,350
401(k) Contribution limit $15,500
Standard business mileage rate $.485/mile
Standard charity mileage rate $.14/mile
Standard Medical & Moving mileage rate $.20/mile
