Wednesday, September 26, 2007

2008 Tax Brackets

Among next year's changes: The basic standard deduction, typically claimed by about two-thirds of all taxpayers, will increase to $10,900, up $200 from this year, for married couples filing jointly. For most singles, it will rise to $5,450, up from $5,350. The personal exemption amount will rise by $100 to $3,500.