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September 17, 2008

2009 Tax Tables

CCH today released its projected 2009 federal tax brackets and tables, taking into account projected inflation adjustments:

  • Standard Deduction: $5,700 single/$11,400 joint (up $250/$500 from 2008)
  • Personal Exemption: $3,650 (up $150 from 2008)
  • Gift Tax Exemption: $13,000 (up $1,000 from 2008)
  • Income Limit for Full Roth IRA Contributions:  $105,000 single/$166,000 joint (up $4,000/$7,000 from 2008)
  • Kiddie Tax Threshold: $950 (up $50 from 2008)

Here are the projected 2009 tax tables (along with the actual 2008 tax tables):

Single

Joint_2

September 17, 2008 in News | Permalink

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Comments

where can I find a comparison of McCain's and Obama's Tax Plans laid out in some kind of table like this? I'd like to know specifically, if I make X and have this many kids and file jointly, I will pay ___ under McCain or ___ under Obabma. It seems like just finding their plans themselves is very difficult. I just want the facts. Anyone?

Posted by: oliviasmom | Sep 17, 2008 5:43:07 PM

http://www.abovethelaw.com/2008/02/obama_biglaw_and_taxesor_obama_1.php

this site also has a spreadsheet that allows you to enter your salary and compare taxes under Obama vs. McCain

Posted by: taxes | Sep 17, 2008 11:00:40 PM

Olivia -

Neither "plan" will get enacted entirely as proposed but trust me, you will be much better off under Obama than McCain.

Just say No to the McCain-Palin lie machine

Posted by: joey | Sep 18, 2008 7:29:09 AM

Olivia's Mom, you are 1 post away:

http://taxprof.typepad.com/taxprof_blog/2008/09/freakonomics-on.html

Posted by: bob | Sep 18, 2008 10:51:19 AM