Accounting and Tax Facts

• The 2007 mileage rate is 48.5 cents per mile.
• The 2008 mileage rate is 50.5 cents per mile.
• The 2007 IRA contribution limit is $4,000 for most taxpayers.
• The 2008 IRA contribution limit is $5,000 for most taxpayers.
• Personal and dependent exemption amount is $3,300.
• Capital Gains maximum tax rate is 15%.

Visit these websites for more information:

IRS.gov
Aicpa.org
Ncacpa.org
Secretary.state.nc.us
Dor.state.nc.us
Savingforcollege.com
Ssa.gov
Bplans.com
Dol.gov
Charlottewebpros.com