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"It is a good thing that we do not get as much government as we pay for." Will Rogers

January 8, 2011. 2010 Changes Offer Expanded Tax Benefits. Exemptions and Itemized Deductions No Longer Phased Out- Overall income limits for personal and dependency exemptions and itemized deductions do not apply. Before 2010, taxpayers whose incomes were above certain levels lost part or all of their exemptions and part of their itemized deductions. For taxpayers at all income levels, limitations continue to apply to particular itemized deductions, such as medical and dental expenses, certain miscellaneous itemized deductions and casualty and theft losses.

Standard Mileage Rates for 2010 - The standard mileage rate for business use of a car, van, pick-up or panel truck is 50 cents for each mile driven. The rate for the cost of operating a vehicle for medical reasons or as part of a deductible move is 16.5 cents per mile. The rate for using a car to provide services to charitable organizations is set by law and remains at 14 cents a mile.

AMT Exemption Increased - For tax-year 2010, the alternative minimum tax exemption increases continued ...

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