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"Mutual Funds for the Utterly Confused" (McGraw-HIll, December 2008)
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2008 Key Tax Numbers
The numbers in the table below have been adjusted for inflation, contain the latest available schedules, show retirement savings limits for contributions, and interest rates that might be included for underpayment or overpayments.
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Key Tax Numbers |
2007 |
2008 |
2009 |
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Personal exemptions |
$3,400 |
$3,500 |
$3,650 |
Standard deduction
married filing jointly
head of household
single or separate |
10,700
7,850
5,350 |
10,900
8,000
5,450 |
11.400
8,350
5,700 |
Additional amount for aged or blind
married
single |
1,050
1,300 |
1,050
1,350 |
1,100
1,400 |
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Kiddie tax exemption |
850 |
900 |
950 |
Gift tax exclusion
individual
non-citizen spouse |
12,000
125,000 |
12,000
128,000 |
13,000
133,000 |
Standard mileage rates
Business
Medical and moving
Charitable
July 1 to December 31, 2008
Business
Medical and moving
Charitable |
48.5¢
20.0¢
14.0¢
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50.5¢
19.0¢
14.0¢
58.5¢
27.0¢
14.0¢ |
TBD
TBD
TBD
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AMT exemption amount
married filing jointly
single |
66,250
44,350 |
69,950
46,200 |
TBD |
TBD = to be determined (data not yet available).
Changes in AMT exemption amount due to legislation, not inflation
adjustment. |
Filing Single
Married filing jointly
Head of Household
Married Filing Separately
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