Brady Ware Recent News
2008 Tax Law Changes
  • SECTION 179 maximum deduction increases to $250,000. Phase-out threshold increases to $800,000.
  • STANDARD MILEAGE RATE for business driving increases to 58½ ¢ a mile. Rate for medical and moving mileage increases to 27¢ a mile. Rate for charitable driving remains at 14¢ a mile.
  • ESTATE TAX top rate remains at 45%, and the exemption amount remains at $2 million. The ANNUAL GIFT TAX EXCLUSION remains at $12,000.

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