2008 deductions.

[carol b]

This is a peek at what you can expect to be able to use on
next years tax return. It is never too early to start looking
into how you can save next year.

It's time for taxpayers to tip their hats in gratitude to an economic force that customarily earns far more curses than kudos: inflation.
That's the insidious force that used to systematically march taxpayers into higher tax brackets simply because their salaries rose to keep up with the cost of living. Now, when inflation eats away at the value of your dollars, at least the tax system is adjusted so you're not also hit with a stealth tax increase.

By Kiplinger's Personal Finance Magazine

Knowing the standard deduction and many other possible exemptions
gives you a chance to make solid financial decisions before you get to
far into the tax year. Good luck and happy filing.

[rachael24]

Thanks for the heads up...I have started looking at this year in November, and with the info from this article, I should be set up well.