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clmtax@aol.com

54
Dekalb Street
Tonawanda,
New York 14150
716-693-1453
Fax: 716-693-3995
clmtax@aol.com
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Business Forms
2011 Important Numbers
Federal Mileage
Reimbursement Rate: 1/1/11-6/30/11 = 51 cents per mile
7/1/11-12/31/11
= 55.5 cents per mile
IRA Contribution Limit: $5000 ($6000 if age 50 or older)
401(K) Elective Salary Deferral Limit: $16,500 ($22,000 if age 50
or older)
SIMPLE IRA Contribution Limit: $11,500 ($14,000 if age 50 or older)
Maximum earnings subject to Social Security Tax: $106,800
2012 Important Numbers
Federal Mileage
Reimbursement Rate: 55.5 cents per mile
IRA Contribution Limit: $5000 ($6000 if age 50 or older)
401(K) Elective Salary Deferral Limit: $17,000 ($22,500 if age 50
or older)
SIMPLE IRA Contribution Limit: $11,500 ($14,000 if age 50 or older)
Maximum earnings subject to Social Security Tax: $110,100
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