It's been a great start to 2006! Consider: It's like 80 degrees today in So Cal You can now lose weight with a patch The Raiders failed to win the Super Bowl for yet another year New 2006 tax benefits abound While the silver and black's continued run of futility is a joy to behold on many levels, you can take the following tax benefits to the bank: The gift tax exclusion increased from $11,000 to $12,000 The 401k contribution amount increased from $14,000 to $15,000. For those over 50, the contribution limit is $20,000. The basic exclusion for the federal estate tax jumped from $1.5M to $2M. The top federal rate for estate taxes dropped from 47% to 46%. Should you have any questions, please call your CPA. Because at HBA, we've got a "Commitment to Excellence," just like the Raid…oh, nevermind.
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