Alabama State increases the "Standard Deduction" for 2008.

Alabama AL

LinkBack

Thread Tools

Search this Thread

Display Modes

#1 (permalink)

10-05-2008, 10:50 AM

TaxGuru

Tax Guru

Join Date: Jan 2007

Location: New Jersey, USA

Posts: 2,417

Blog Entries: 3

Alabama State increases the "Standard Deduction" for 2008.

Alabama State has increased the Standard Deduction for 2008 "for some taxpayers up to a maximum of $7,500, depending on the adjusted gross income and filing status of the taxpayer.

The standard deduction remains at $2,000 or $4,000 for other taxpayers whose incomes exceed certain income thresholds."

__________________
Find a CPA near you!

Ask TaxGuru Please refer to the legal disclaimer.

Ads

« How many Individual Income Tax Rates does Alabama have for the Tax Year 2008? | Alabama State has increased the dependent exemption for 2008. »

Posting Rules
You may not post new threads You may not post replies You may not post attachments You may not edit your posts vB code is On Smilies are On [IMG] code is On HTML code is Off Trackbacks are Off Pingbacks are Off Refbacks are Off

Similar Threads
Thread	Thread Starter	Forum	Replies	Last Post
Do we need another "Fiscal Stimulus Package" to revive the faltering US economy?	TaxGuru	Democrats	1	10-02-2008 11:32 PM
Would tuition exp's paid to a private high school qualify for the "Education Credit?"	Tanya	Tax Credit	1	09-16-2008 12:12 PM
What are the Standard Deduction Amounts Available for Tax Year 2008?	TaxGuru	For 2008	0	09-11-2008 11:37 AM
IRS encourages "Reporting Promoters of Off-Shore Tax Avoidance Schemes!"	TaxGuru	General	0	04-27-2008 04:33 PM
IRS rules that "Certain Payments to Disabled Veterans Ruled Tax-Free"	TaxGuru	Income	0	12-29-2007 02:29 PM

» Categories

Ask TaxGuru?

Individual

» Income

» Estimated Taxes

» Capital Gains

» Itemized Deductions

» IRA/Sep

» Rental Real-Estate

» Alternative Minimum Tax

» Filing Requirements

» Sole-Proprietorship

» Medical

» Auto Expenses

» Social Security

» Tax Credit

» Depreciation

» Divorce Tax Issues

» Homeowner Tax

» Multistate

Corporations

» C-Corporation

» S-Corporation

» Limited Liability Company

» Payroll

» Multistate Tax Issues

» Non-Profit Organisation

» Trusts and Gift Tax Returns

Forum for CPAs

» CPA Forums

Financial Planning

» Estate Planning

» Retirement Planning

» Investment Strategy

» Education Planning

» Life Insurance

» Tax News

» Tax Calculators

» Downloads

» Contact Us

» Latest Tax Tips
How can I obtain the IRS 2021 Form W-7 with the...
IRS extends C Corporation filing date to May 17, 2021
Which Taxpayer Qualifies for Advance Payments?
How do you get a "147C Online- EIN Designation Confirmation...
What are the Foreign Earned Income Exclusion for 2019?

» Recent Tax Q&A
No Threads to Display.

» Free Downloads

Latest Files

What Are the Important Highlights Of 2010 Tax Law
EzWagez Payroll System
TurboCASH
AlauxSoft Accounts and Budget
Gas Mileage MPG Tracker