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Donations to Haiti Earthquake Relief Efforts - Certain 2010 Contributions Deductible on 2009 Tax Returns

(January 25, 2010)

Certain charitable donations made between January 12, 2010 and March 1, 2010 to charities providing earthquake relief in Haiti now qualify for deductions on 2009 tax returns.

For additional information and guidelines on the potential deduction, please see:

http://www.irs.gov/newsroom/article/0,,id=218678,00.html

Standard Mileage Rates for 2010 Announced

(December 3, 2009)

The optional standard mileage rates used to calculate the deductible costs of operating an automobile for business, charitable, medical or moving purposes for 2010 will be:

50 cents per mile for business miles driven
16.5 cents per mile driven for medical or moving purposes
14 cents per mile driven in service of charitable organizations

For additional information, please see:

http://www.irs.gov/newsroom/article/0,,id=216048,00.html

401(k) and Other Retirement Plan Contribution Limits for 2010 Announced

(October 21, 2009)

The maximum 401(k) contribution in 2010 will be $16,500.

Details on this and other retirement/pension plan figures in 2010 can be found at:

http://www.irs.gov/newsroom/article/0,,id=214321,00.html

Key 2010 Federal Deduction, Tax Brackets and Other Key Figures Released

(October 20, 2009)

Tax rate brackets and various tax benefits will remain unchanged or change only slightly in 2010 due to inflation.

Please see the following link for specific key 2010 amounts:

http://www.irs.gov/newsroom/article/0,,id=214320,00.html

Online Charity Search Tool

(October 17, 2009)

To help determine if your targeted charity is listed by the IRS as eligible to receive tax-deductible charitable donations, please use the following search tool:

http://www.irs.gov/app/pub-78/

An overview of updates to the database and other related matters can be found at:

http://www.irs.gov/charities/article/0,,id=96136,00.html?portlet=4