IRS ANNOUNCEMENTS:
2012
SOCIAL SECURITY LIMIT: $110,100
401K MAXIMUM: $17,000 - Total Comp = $250,000
401K CATCH-UP: $5,500 for a total of $22,500
BUSINESS MILEAGE: 55.5 cents
MOVING/MEDICAL: 23.5 cents
CHARITABLE: 14 cents
Effective July 1, 2011 the mileage is increased to 55.5 cents
Moving/Medical is increased to 23.5 cents
2011 2010
SOCIAL SECURITY LIMIT: $106,800 SOCIAL SECURITY LIMIT: $106,800
401K MAXIMUM: $16,500 - TOTAL COMP = $245,000 401k MAXIMUM: $16,500 - TOTAL COMP = $245,000
401K CATCH-UP: $5,500 for a total of $22,000 401K CATCHUP REMAINS AT: $5,500 for a total of $22,000
BUSINESS MILEAGE: 55.5 cents/mile BUSINESS MILEAGE: 55 cents/mile
MEDICAL/MOVING MILEAGE: 23.5 cents Medical/Moving mileage: 24 cents
CHARITABLE MILEAGE: 14 cents Charitable mileage: 14 cents
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