IRS Releases 2007 Tax Figures

The Internal Revenue Service has announced various figures for the 2007 tax year. All these figures are indexed for inflation, and are updated annually by the IRS. Among the updated figures are the standard deduction, personal exemption, tax rates, and retirement plan limits.

• 2007 Quick Tax Facts - provides standard deduction, personal exemption, and retirement plan amounts
• 2007 Tax Rates - provides marginal income tax rates
• 2007 Standard Mileage Rate - for business, medical, moving, and charity-related miles