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New 2009 Tax Laws Mean More Money In Your Pocket

posted January 8, 2009 - 10:10am
New 2009 Tax Laws Mean More Money In Your Pocket

New IRS rules for 2009 may mean more money in your pocket come tax time in 2010. These new laws include a higher limit to how much you can put in your 401-K plan. Now you will be able to put $15,500, up from $15,400. Older workers, over 50 can put in as much as $22,000 saving on taxes. Other changes include a higher standard deduction amount, deductions for nanny costs and higher mileage rates for business use of a vehicle. For more see the following article.


Website: http://online.wsj.com/article/tax_report.html


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