Standard Deductions 2010 2009 Joint or Qualifying Widow(er) $11,400 $11,400 Single 5,700 5,700 Head of Household 8,400 8,350 Married Filing Separately 5,700 5,700 Addt. for Elderly/Blind-Married 1,100 1,100 Addt. for Elderly/Blind-Unmarried or Head of Household 1,400 1,400 Taxpayer Claimed as Dependent 950 950 Exemption Deduction Personal/Dependent $3,650 $3,650 FICA/SE Tax Information OASDI Tax Maximum Earnings 106,800 106,800 FICA (OASDI and HI) Tax Rate (Employee) 7.65% 7.65% SE Tax Rate 15.30% 15.30% Maximum Deductible 401(k)/403(b) Employee Contribution 16,500 16,500 Catch-up 401k for 50 and above 5,500 5,000  Simple IRA Contribution 11,500 11,500 Catch-up Simple IRA for 50 and above 2,500 2,500 Self-Employed Health Insurance Deduction 100% 100% Earnings Ceiling for Social Security Between Ages 62 and 66 (for 2010) $14,160 $14,160 Age 66-69 Unlimited Unlimited Age 70 and Above Unlimited Unlimited Mileage Rates Businesses $.50 $.55 Charitable .14 .14 Medical .165 .24 Moving .165 .24 Sec. 179 Deduction 250,000 250,000 *Represents unofficial estimates at this time. The Internal Revenue Service and other agencies will announce the official inflation adjusted figures around the end of this year. Welcome, Company, Newsletter, Contact Us, Quick Facts, Calendar, Links, Calculators, File Retention, Planning Tool