- JBL Accounting and Small Business Consulting
- JBL's Ride for Refunds
- JBL's $50 Referral Program
- JBL's Money Talks Program
Starting in 2008
- Larger Personal Exemptions
- Higher Standard Deductions
- IRA Contributions
- DOT 'Hours of Service' Limits
- Capital Gain Tax Rates
- Higher Income Limits for Deductible IRAs and for Roth IRAs
- Indexed Tax Brackets
- Reduction in Exemptions for High-income taxpayers.
- Increased Section 179 Expense Deduction
- Tax-free Parking for Employees
- Increased Contribution Limit for 401(k) Plans
- Domestic Production Activities Deduction
Q. If I claim my daughter as a dependent because she is a full-time college student, can she claim herself as a dependent when she files her return?
A. No, if you claim your daughter as a dependent on your income tax return, she cannot claim herself on her income tax return.
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