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