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Dentist News: Tax Related Numbers For 2010

December 28th, 2009 · No Comments

Here are some numbers that tend to change every year or every few years. Most of these numbers will not change in 2010 because of the absence of inflation in the economy:

In cooperation with Collier, Sarner & Associates, Inc. ( This is not tax advice. Please consult your own advisors.

2010 2009
Annual Retirement Plan Participant Compensation Limit $245,000 $245,000
Annual Defined Contrib. Plan Participant Dollar Limit 49,000 49,000
Annual Defined Contrib. Plan %-Of-Individual Pay Limit 100% 100%
Annual Prof. Sharing %-Of-Total-Participant-Pay Limit 25% 25%
Annual Defined Benefit Pension Plan Benefit Limit 195,000 195,000
401(k) Employee Elective Deferral Limit 16,500 16,500
401(k) Catch-Up Contrib. For Those Age 50 & Over 5,500 5,500
SIMPLE Plan Employee Elective Deferral Limit 11,500 11,500
SIMPLE Plan Catch-Up Contrib. For Those Age 50 & Over 2,500 2,500
IRA (Roth & Traditional) Contribution Limit 5,000 5,000
IRA (Both Types) Catch-Up Contrib. (Age 50 & Over) 1,000 1,000
HSA Annual Contrib. Limit (Individual/Family) 3,050/6,150 3,000/5,950
HSA Catch-Up Contrib. For Those Age 55 & Over 1,000 1,000
Federal Lifetime Estate Tax Exclusion Unlimited 3.5M
Federal Lifetime Gift Tax Exclusion 1.0M 1.0M
Maximum Federal Estate & Gift Tax Rate 0%E./35%G. 45%
Annual Gift Tax Exclusion for Per-Person Gifts 13,000 13,000
Section 179 First-Year Depreciation Limit 134,000 250,000
Social Security Taxable Wage Base 106,800 106,800
Standard Deduction 5,700/11,400 5,700/11,400

Keith Drayer is Vice President, Henry Schein Financial Services. Henry Schein Financial Services provides equipment, technology, practice start-up and acquisition financing services nationwide. Henry Schein Financial Services can be reached at 800-853-9493 or

Tags: Business of Dentistry · Dentistry and Finances by Keith Drayer

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