Industry Updates

 
 2009 Tax Changes
  2008 2009
Value of Exemptions $3,500 $3,650
Child Tax Credit $1,000 $1,000
Social Security (OASDI) $102,000  (6.20%) $106,800 (6.20%)
Medicare $99,999,999 1.45% $99,999,999 1.45%
Supplemental Rate 25%/35% if over 1 million 25%/35% if over 1 million
Mileage Factors 1/1-6/30: $0.505 / $0.19

7/1-12/31: $0.585 / $0.27

$0.55 / $0.24