I have placed frequently asked for amounts in the following table. This table should not be relied on as a complete source of information. The following amounts do not always apply to all taxpayers.

2008 2007 2006 2005 2004 2003 Standard Deduction:   Single 5,450 5,350 5,150 5,000 4,850 4,750   Married Filing Jointly 10,900 10,700 10,300 10,000 9,700 9,500   Head of Household 8,000 7,850 7,550 7,300 7,150 7,000   Married Filing Separately 5,450 5,350 5,150 5,000 4,850 4,750   Additional Elderly/Blind-Married 1,050 1,050 1,000 1,000 950 950   Additional Elderly/Blind-Single 1,350 1,300 1,250 1,250 1,200 1,150   Taxpayer Claimed as a Dependent 900 850 850 800 800 750   Personal Exemption 3,500 3,400 3,300 3,200 3,100 3,050   Child Tax Credit 1,000 1,000 1,000 1,000 1,000 1,000   Standard Mileage Rate:   Business .505 .485 .445 .405/.485 .37 .36   Charity .14 .14 .14 .14 .14 .14   Medical/Moving .19 .20 .18 .15/.22 .14 .12   FICA Limit 102,000 97,500 94,200 90,000 87,900 87,000   Section 179 Deduction 128,000 125,000 108,000 105,000 102,000 100,000   Health Savings Accounts (HSAs):   Max Self-coverage contribution 2,900 2,850 2,700   Max Family-coverage contribution 5,800 5,650 5,450   Profit Sharing Plans:   Max 401(k)Deferral 15,500 15,500 15,000 14,000 13,000 12,000   - 50 and over additional 5,000 5,000 5,000 4,000 3,000 2,000   SIMPLE Plan Max Deferral 10,500 10,500 10,000 10,000 9,000 8,000   - 50 and over additional 2,500 2,500 2,500 2,000 1,500 1,000   IRA 5,000 4,000 4,000 4,000 3,000 3,000   - 50 and over additional 1,000 1,000 1,000 500 500 500   Max Earnings for Soc. Sec-Under 65 13,560 12,960 12,480 12,000 11,640 11,520   Gift and Estate Tax:   Aprplicable Exclusion Amount 2,000,000 2,000,000 2,000,000 1,500,000 1,500,000 1,000,000   Oregon Exclusion Amount 1,000,000 1,000,000 1,000,000 950,000 850,000 700,000   Gift Tax Annual Exclusion 12,000 12,000 12,000 11,000 11,000 10,000

Last modified 1/26/08