A Look at tax brackets in Anyone know what the revised 2008 tax brackets will be?
tax brackets:
Question by 4532: Anyone know what the revised 2008 tax brackets will be?
Does anyone know what the new 2008 tax brackets will be now that they are eliminating the 10% bracket? I know that the first 12,000 will be at 0% but then at what income levels will the other brackets be adjusted to?
Best answer:
Answer by bostonianinmo
Only the 10% bracket is being adjusted — and only for 2008. The others all remain the same, aside from the usual inflation adjustments.
FYI, the 10% bracket isn’t the first $ 12,000 either. It depends upon the filing status.
Know better? Leave your own answer in the comments!
The brakets are adjusted for inflation every year. The list is at this link:
http://taxes.about.com/od/2008taxes/qt/2008_tax_rates.htm