Key Facts for 2009

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  • Annual Gift Exclusion: $13,000
  • Estate Tax Exemption: $3.5 million in 2009
  • Highest Marginal Estate Tax Rate: 45% in 2009
  • IRA Contribution Limits: $5,000 plus another $1,000 for individuals over 50
  • 401(k) Contribution Limits: $16,500 plus another $5,500 for individuals over 50
  • SEP IRA Contribution Limits: 25% of compensation or maximum of $49,000
  • Top Federal Tax Rate: 35% on income over $372,950