The Internal Revenue Service said that personal exemptions and standard deductions would rise and tax brackets would widen as it adjusted a variety of tax provisions for 2008 to keep pace with inflation.
The IRS said the value of each personal and dependency exemption would go up $100 to $3,500. The new standard deduction rose $200 to $10,900 for married couples filing a joint return. It also went up $100 to $5,450 for singles and married individuals filing separately, and $150 to $8,000 for heads of households.
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