More Changes for 2008

Posted on 08. Dec, 2008 by in Income Taxes, Tax Changes

Here are some additional changes for the 2008 Tax Year.

Tax-bracket thresholds increase for each filing status.  For a married couple filing a joint return, for example,  the taxable-income threshold separating the 15% bracket from the 25%  bracket is $65,100, up from $63,700 in 2007.

The maximum earned income tax credit for low and moderate income workers and working families with two or more children is $4824, up from $4716.  The income limit for the credit for joint filers with two or more children is $41,646, up from $39,783.

There are still more changes and I will continue to post them over the next few days.

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One Response to “More Changes for 2008”

  1. Gina

    30. Nov, 2009

    I finally found answers I’ve needed. This makes perfect sense and the info is easy to follow… and very much appreciated.

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