Tax Acts Passed in Year 2007

• Tax Increase Prevention Act of 2007

• Mortgage Forgiveness Debt Relief Act of 2007

• Prevent Taxation of Payments to Virginia Tech Victims and Families Act

• Small Business and Work Opportunity Tax Act of 2007

• 2007 Tax Rate Schedule

• Standard Deduction

• Personal & Dependent Exemption Amount

• Mileage Rates

• Social Security Tax Wage Limits & Rates & Medicare Rates

• Contribution Limits for IRA's, ESA's HSA's, & Pension Plans

• Earned Income Credit Amounts

• Adoption Credit Amount

• Section 179 Expense Amount

• Gift Tax Annual Exemption Amount

• Foreign Earned Income Exclusion Amount

• Retirement Savings Contribution Credit Changes (Saver's Credit)

• New Deduction for Certain Mortgage Insurance Premiums also known as "PMI"

• Written Documentation REQUIRED for Cash Charitable Contributions

• Florida Intangible Tax Repealed