Some tax facts for your consideration:

2008 Gift tax exemption = $12,000 per recipient

2007 Business Auto Mileage Rate  = 48.5 cents / mile

2008 Business Auto Mileage Rate  = 50.5 cents / mile

2007 Traditional / ROTH IRA contribution limit = $4,000 ($5,000 if over age 49)

2008 Traditional / ROTH IRA contribution limit = $5,000 ($6,000 if over age 49)

2007 Personal Exemptions = $3,400

IRC Section 121 capital gain exclusion on sale of primary residence = $250,000 Single or $500,000 Married if house was lived in 2 of the 5 years preceding sale date

2007 FICA limit = $97,500                          2008 FICA limit = $102,000