Law Changes

Changes to the Federal Tax Brackets & Law for the 2009 tax year?

In the ridiculously large and wordy tax code each and every year small changes are made, but the average taxpayer is not affected by most of them. Despite of the fact, definitely there are some that has their effects even on average taxpayer, so I went to search out that what are those changes.

So below I have written in detail whatever I found:

There is a Change in the Income Tax Brackets.

For Singles:

• 10%  Income Tax Bracket – From $0 to $8,350
• 15%  Income Tax Bracket – From $8,350 to $33,950
• 25%  Income Tax Bracket – From $33,950 to $82,250
• 28%  Income Tax Bracket – From $82,250 to $171,550
• 33%  Income Tax Bracket – From $171,550 to $372,950
• 35%  Income Tax Bracket – From $372,950 and onwards

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Tagged as: 401K Retirement Account, Earned Income Tax Credit, Federal Tax Brackets, Federal Tax Brackets & Law Changes For 2009, Gift Tax Exclusion, Income Tax Brackets, Income Tax Brackets For Head of Household, Income Tax Brackets For Married Filing Jointly, Income Tax Brackets For Married Filing Separately, Income Tax Brackets For Singles, Law Changes, Mileage Deduction, retirement account, Roth IRA Account, The Standard Deduction

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