CCH today released its projected 2009 federal tax brackets and tables, taking into account projected inflation adjustments:
- Standard Deduction: $5,700 single/$11,400 joint (up $250/$500 from 2008)
- Personal Exemption: $3,650 (up $150 from 2008)
- Gift Tax Exemption: $13,000 (up $1,000 from 2008)
- Income Limit for Full Roth IRA Contributions: $105,000 single/$166,000 joint (up $4,000/$7,000 from 2008)
- Kiddie Tax Threshold: $950 (up $50 from 2008)
Here are the projected 2009 tax tables (along with the actual 2008 tax tables):
