2007 Mileage rates

The 2007 mileage rate is 48.5 cents per mile for business.

Social Security

For 2007, Social Security and Supplemental Security Income (SSI) beneficiaries will receive a 3.3% cost of living increase in their monthly benefits.

The wage base for calculating the Social Security portion of the annual payroll tax obligation will be $97,500 in 2007 (up from $94,200 from 2006).