Real estate blog entries tagged with tax changes by Los Angeles Real Estate Broker (Broker LA)

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Home : Blogs : Los Angeles Real Estate Broker : BROKER LA - REAL ESTATE BROKRAGE : Tag "tax changes"

tax changes: 10 Tax Changes for 2008 - 08/17/08 03:11 AM

Plan now and you'll be in a better position to know what you'll owe Uncle Sam this time next year.1. More money for gas. The standard mileage deduction for business increases to 50.5 cents per mile. Note that mileage rates for medical or moving purposes fall to 19 cents per mile.2. More money for retirement. You can contribute $5,000 to your IRA ($6,000 if you're over 50) in 2008.3. No breaks for sales taxes. The provision permitting taxpayers to deduct state sales taxes - a big plus in states with no income tax - expired at the end of 2007.4. More … (1 comments)

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