| 2009 Business Quick Facts |
|
Section 179 Deduction: Maximum deduction .......... $133,000 Qualifying property limit .... $530,000 SUV deduction limit ............$25,000 SIMPLE IRA plan contributions limits: Under age 50 ........ $11,500 Age 50 or older ..... $14,000 401(k), 403(b), 457 and SARSEP elective deferral limits: Under age 50 ........ $16,500 Age 50 or older ..... $22,000 Other Retirement limits: Profit-sharing plan / SEP contribution limit: $49,000 Compensation limit (for employer contributions to profit sharing plans): $245,000 Defined benefit plans (annual benefit limit): $195,000 "Key employee" compensation threshold: $160,000 "Highly compensated" employee threshold: $110,000 |