2008 Federal Income Tax Brackets

New year means new brackets and limits and all that great jazz!

This year the total amount you can contribute to your 401(k) or 403(b) will not increase (remains $15,500) but IRA contributors will be able to put $5,000 towards their retirement (more if you’re in the catch-up category).

There are a few other 2008 increases indexed to inflation that have been discussed over at Blueprint for Financial Prosperity in the review of 2008 federal income tax brackets post so I won’t be repeating them here.