The Cost-of-Living dollar limits for Tax year 2010

IRA Contribution Limit $5,000

50 & Over Catch-up IRA Contribution $1,000

401(k) deferral limit $16,500

50 & Over Catch-up 401(k) Contribution $5,500

Annual compensation limit $245,000

Defined contribution IRC Sec 415 limit $49,000

Compensation limit for SEP eligibility $550

Deferral Limit for SIMPLE $11,500

IRC Sec 179 $250,000

Self-employed health insurance AGI deduction 100%

Other

Business mileage rate $0.50/mile

Medical mileage rate $0.165/mile

Charitable mileage rate $0.14/mile

Social Security

Wage Base for 2010 is $106,800