Handy tax facts

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Taxes are all about the numbers. These tables provide some basic information to help you file your return.

Tax facts

  • Deduction amounts

    Should you take the standard deduction or itemize? Discover which method will help reduce your tax bill more.

  • Exemption amounts

    Exemptions help reduce your taxable income. Find out how many you can claim on your tax return.

  • Retirement plan contribution limits

    Save for the future and cut your tax bill now. Here’s how much you can stash in your retirement accounts.

  • Estate and gift tax exclusions

    Part of tax-smart estate planning is sharing the wealth. Here are the limits on gifts you can give others.

  • Mileage rate deduction amounts

    Drive down your tax bill by claiming mileage deductions for your automotive trips. Here are 2008 and 2009 limits.