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2008 INFLATION ADJUSTMENTS PROJECTED
September 17, 2008
CCH has projected the inflation adjustments for 2009 tax computations. Some key figures:
Standard deduction, joint filers: $11,400 (2008 amount: $10,900)
Standard deduction, single taxpayers: $5,700 (2008 amount: 5,450)
Gift tax annual exclusion: $13,000 (from $12,000)
Kiddie tax threshold: $900 (from 850).
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