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Mileage Rate (per mile) deduction - 2014
Asked Wednesday, January 15, 2014 by an anonymous userCPA Answer:
Beginning on January 1, 2014, the standard mileage rates for the use of a car (also vans, pickups or panel trucks) will be:
56 cents per mile for business miles driven
23.5 cents per mile driven for medical or moving purposes
14 cents per mile driven in service of charitable organizations
AMT Exemption amounts
Asked Wednesday, January 15, 2014 by an anonymous userCPA Answer:
The AMT Exemption amounts for 2014 is $53,900 for single and head of household taxpayers and $83,800 for joint filers and qualifying widow(er) taxpayers
Estate Tax - Federal Exemption
Asked Wednesday, January 15, 2014 by an anonymous userCPA Answer:
For 2016 the Federal exemption from estate taxes is $5,450,000.
401(k), 403(b), 457 and TSP plans - Maximum Contribution limits
Asked Wednesday, January 15, 2014 by an anonymous userCPA Answer:
The limit on employee elective deferrals is $18,000 for 2016.
The catch up contribution limit for employees 50 and over remains unchanged at $6,000.
Generally, all elective deferrals made to all plans in which you participate are aggregated to determine if you have exceeded these limits.
Generally, all elective deferrals made to all plans in which you participate are aggregated to determine if you have exceeded these limits.
California
Asked Monday, December 30, 2013 by an anonymous userCPA Answer:
For 2014, the minimum wage is $9.00.
Arizona
Asked Monday, December 30, 2013 by an anonymous userCPA Answer:
For 2014, the minimum wage is $7.90.
Illinois
Asked Monday, December 30, 2013 by an anonymous userCPA Answer:
For 2014, the minimum wage is $8.25.
Florida
Asked Monday, December 30, 2013 by an anonymous userCPA Answer:
For 2014, the minimum wage is $7.93.
District of Columbia
Asked Monday, December 30, 2013 by an anonymous userCPA Answer:
For 2014, the minimum wage is $8.25.
Connecticut
Asked Monday, December 30, 2013 by an anonymous userCPA Answer:
For 2014, the minimum wage is $8.70.