Tax News

CCH (cch.taxgroup.com) reports:

  The IRS has released new inflation-adjusted amounts to be used in 2008 and 2009 for certain items, to reflect statutory amendments by the Tax Extenders and Alternative Minimum Tax Relief Act of 2008 (P.L. 110-343) and the American Recovery and Reinvestment Tax Act of 2009 (P.L. 111-5). New amounts related to items including the earned income tax credit, the child tax credit, qualified transportation fringe benefits and the American Opportunity credit are provided. Sections of Rev. Proc. 2007-66, 2007-2 CB 970, and of Rev. Proc. 2008-66, I.R.B. 2008-45, 1107, are modified and superseded.

Rev. Proc. 2009-21, 2009FED ¶46,304

Other References:

 
Code Sec. 24

  CCH Reference - 2009FED ¶3770.03

  CCH Reference - 2009FED ¶3770.06

  CCH Reference - 2009FED ¶3770.07

  CCH Reference - 2009FED ¶3770.25

 
Code Sec. 25A

  CCH Reference - 2009FED ¶3830.024

  CCH Reference - 2009FED ¶3830.031

  CCH Reference - 2009FED ¶3830.07

  CCH Reference - 2009FED ¶3830.25

 
Code Sec. 32

  CCH Reference - ¶2009FED ¶1201.13

  CCH Reference - 2009FED ¶4082.032

  CCH Reference - 2009FED ¶4082.048

  CCH Reference - 2009FED ¶4082.07

  CCH Reference - 2009FED ¶4082.45

 
Code Sec. 132

  CCH Reference - 2009FED ¶7438.054

  CCH Reference - 2009FED ¶7438.07

  CCH Reference - 2009FED ¶7438.77

 
Code Sec. 179

  CCH Reference - 2009FED ¶12,126.03

  CCH Reference - 2009FED ¶12,126.031

  CCH Reference - 2009FED ¶12,126.07

  CCH Reference - 2009FED ¶12,126.745

  Tax Research Consultant

  CCH Reference - TRC INDIV: 57,262.05

  CCH Reference - TRC INDIV: 57,454.10

  CCH Reference - TRC INDIV: 60,054.05

  CCH Reference - TRC INDIV: 60,152

  CCH Reference - TRC INDIV: 60,160

  CCH Reference - TRC PLANIND: 3,054

  CCH Reference - TRC PLANIND: 3,058.10

  CCH Reference - TRC PLANIND: 3,058.15

  CCH Reference - TRC PLANIND: 3,362.05

  CCH Reference - TRC COMPEN: 36,350

  CCH Reference - TRC COMPEN: 36,352

  CCH Reference - TRC COMPEN: 36,354

  CCH Reference - TRC COMPEN: 36,356

  CCH Reference - TRC BUSEXP: 57,306.05

  CCH Reference - TRC DEPR: 12,104

  CCH Reference - TRC DEPR: 12,112.05