December 29, 2008
Change just may be the only constant when it comes to your taxes. The new year brings federal tax changes in the standard deduction and personal exemption amounts, as well as the Social Security taxable wage base, retirement plan limits, and business equipment deductions, to name just a few. Knowing the new amounts can be crucial to your tax and transaction planning for the coming year.
2009 Quick Reference: Tax Limits, Deductions, and Other Important Amounts
Taxes impact most of your business and financial decisions―and many of your personal ones―so planning for them is fundamental.
The following quick-reference guide includes many of the most important tax amounts for 2009, and compares them to the previous amounts applicable for 2008.
(Revised for the American Recovery and Reinvestment Act of 2009)
