Table of Contents
- Publication 553 - Introductory Material
- 1.
Tax Changes for Individuals
- 2008 Changes
- Recovery Rebate Credit
- Federally Declared Disasters
- Special Rules for Individuals Impacted by Hurricanes Katrina, Rita, and Wilma
- Alternative Minimum Tax (AMT)
- Maximum Tax Rate on Qualified Dividends and Net Capital Gain Reduced
- Investment Income of Certain Children
- Standard Mileage Rate
- Earned Income Credit (EIC) Amounts Increased
- Standard Deduction Increased
- Personal Exemption Amount Increased
- Tuition and Fees Deduction
- Income Limits Increased for Student Loan Interest Deduction
- First-Time Homebuyer Credit
- Hope and Lifetime Learning Credits
- Reduction in Earned Income Needed to Claim Additional Child Tax Credit
- Residential Energy Credits
- Limits Increased for Itemized Deductions
- Deduction for Credit or Debit Card Convenience Fees
- Definition of Qualified Military Benefit Expanded
- Exclusion on Sale of Main Home
- Discharge of Qualified Principal Residence Indebtedness
- Like-Kind Exchanges
- Health Savings Accounts (HSAs)
- Health Flexible Spending Arrangements (FSAs)
- Adoption Benefits Increased
- Income Limits Increased for Reduction of Education Savings Bond Exclusion
- Increase in Deductible Limit for Long-Term Care Premiums
- Increase in Limit on Long-Term Care and Accelerated Death Benefits Exclusion
- Archer Medical Savings Accounts (MSAs)
- Credit for Prior Year Minimum Tax
- Exclusion of Income for Volunteer Firefighters and Emergency Medical Responders
- Social Security and Medicare Taxes
- Wage Threshold for Household Employees
- Special Limitation Period for Retroactively Excluding Military Retirement Pay
- Income Averaging for Farmers and Fishermen
- Failure To File Income Tax Return Penalty Increased
- 2009 Changes
- Economic Recovery Payment
- Making Work Pay and Government Retiree Credits
- Hope Credit Expanded
- Unemployment Compensation
- Alternative Minimum Tax (AMT)
- Qualified Transportation Fringe Benefits
- Definition of Qualifying Child Revised
- Increase in Investment Income Amount of Certain Children
- Standard Mileage Rate
- Earned Income Credit (EIC) Amounts Increased
- Standard Deduction Increased
- Deduction for Sales and Excise Taxes Imposed on Purchase of New Motor Vehicles
- Increase in Personal Casualty and Theft Loss Limit
- Personal Exemption Amount Increased
- New Rules for Children of Divorced or Separated Parents
- Income Limits Increased for Student Loan Interest Deduction
- Income Limits for Lifetime Learning Credit Increased
- Expanded Definition of Qualified Expenses for Qualified Tuition Programs
- Reduction in Earned Income Needed to Claim Additional Child Tax Credit
- Residential Energy Credits
- Limits Increased for Itemized Deductions
- Sale of Main Home
- Health Savings Accounts (HSAs)
- Adoption Benefits Increased
- Income Limits Increased for Reduction of Education Savings Bond Exclusion
- Increase in Deductible Limit for Long-Term Care Premiums
- Increase in Limit on Long-Term Care and Accelerated Death Benefits Exclusion
- Archer Medical Savings Accounts (MSAs) Limits Increased
- Decreased Estimated Tax Payments for Qualified Individuals With Small Businesses
- Social Security and Medicare Taxes
- Wage Threshold for Household Employees
- Health Coverage Tax Credit
- 2008 Changes
- 2.
Tax Changes for Businesses
- 2008 Changes
- Depreciation and Section 179 Deduction
- Disqualified Corporate Interest Expense Disallowed Under Section 163(j) and Related Information
- Business Start-up and Organizational Costs
- Meal Expenses When Subject to Hours of Service Limits
- Self-Employment Tax
- Election to Accelerate Certain Credits in Lieu of the Special Depreciation Allowance
- Alcohol and Cellulosic Biofuel Fuels Credit
- Biodiesel and Renewable Diesel Fuels Credit
- Low-Income Housing Credit
- Agricultural Chemicals Security Credit
- Carbon Dioxide Sequestration Credit
- Social Security and Medicare Taxes
- Maximum Automobile Value for Using the Cents-Per-Mile Valuation Rule
- Fringe Benefit Parking Exclusion and Commuter Transportation Benefit
- Health Savings Accounts (HSAs)
- Nonqualified Deferred Compensation Plans
- Capital Gain Tax Rate Reduction for Corporations With Qualified Timber Gain
- 5-Year Carryback of 2008 Net Operating Losses (NOLs) for Eligible Small Businesses (ESBs)
- Depletion
- Penalty for Late Filing of a Partnership Return
- Penalty for Late Filing of an S Corporation Return
- 2009 Changes
- COBRA Premium Assistance Credit
- New Forms to Adjust Employment Tax Returns
- Changes to Investment Credit
- Depreciation Limits for Trucks or Vans
- Self-Employment Tax
- Alcohol and Cellulosic Biofuel Fuels Credit
- Biodiesel and Renewable Diesel Fuels Credit
- Credit for Employer Differential Wage Payments
- Carbon Dioxide Sequestration Credit
- Vehicle Credits
- Work Opportunity Credit
- Social Security and Medicare Taxes
- Maximum Automobile Value for Using the Cents-Per-Mile Valuation Rule
- Qualified Transportation Fringe Benefits
- Health Savings Accounts (HSAs)
- Build America Bonds
- Cancellation of Debt
- S Corporation Built-in Gains Tax
- Partial Exclusion Increased for Gain From Certain Small Business Stock
- 2008 Changes
- 3.
IRAs and Other Retirement Plans
- 2008 Changes
- Traditional IRA Contribution and Deduction Limit
- Modified AGI Limit for Traditional IRA Contributions Increased
- Modified AGI Limit for Retirement Savings Contributions Credit Increased
- Roth Contribution Limit
- Modified AGI Limit for Roth IRA Contributions Increased
- Qualified Plans
- Simplified Employee Pensions (SEPs)
- 403(b) Plans
- Rollover of Exxon Valdez Settlement Income
- Rollover of Airline Payments
- Rollovers From Other Retirement Plans to Roth IRAs
- Military Death Gratuities and Servicemembers' Group Life Insurance (SGLI) Payments
- Qualified Reservist Distributions
- Tax-Free Withdrawal of Economic Stimulus Payments
- 2009 Changes
- Temporary Waiver of Required Minimum Distributions (RMDs) for 2009
- Modified AGI Limit for Traditional IRA Contributions Increased
- Modified AGI Limit for Retirement Savings Contributions Credit Increased
- Modified AGI Limit for Roth IRA Contributions Increased
- Qualified Plans
- Simplified Employee Pensions (SEPs)
- SIMPLE Plans
- 403(b) Plans
- 2008 Changes
- 4. Estate and Gift Taxes
- 5. Excise Taxes
- 6. Foreign Issues
- 7. How To Get Tax Help
- Publication 553 - Additional Material
- Index
| More Online Publications |