2009 Inflation Adjustments Widen Tax Brackets and Expand Tax Benefits
For 2009, personal exemptions and standard deductions will rise and tax brackets
will widen because of inflation adjustments announced by the Internal Revenue Service. By law, the dollar amounts for
a variety of tax provisions must be revised each year to keep pace with inflation. As a result, more than three dozen
tax benefits, affecting virtually every taxpayer, are being adjusted for 2009. Read more...