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The standard deduction for the Single filing status for a person not claimed as a dependent by another person is $5,450 for 2008 tax returns. This deduction increases to $5,700 for 2009 tax returns. This is in addition to the personal exemption amount of $3,500 for 2008 tax returns [$3,650 for 2009].
That person would be me. Here it comes: 2009 Monster de Lux 2009 Smoke (Single) 2009 Wasteland Too (Single) 2009 Ugly Girl (Single) 2009 Creative Control 2009 Keep Awake (Single) 2009 Grape 2010 Kolpix (Single) 2010 Future Radio (Single) 2010 Live and Kickin Part One 2010 Wandering Mind (Single) 2011 Liquid Zoo
This ammount varries from person to person and from year to year. For both 2009 and 2010 the maximum a person can contribute to their 401 K plan(s) is either the maximum allowed contribution set by your employer, or $16,500, whichever of these is the lower ammount.
Maximum Credibility - 2009 was released on: USA: 1 August 2009
According to "My Money Blog" the maximum amount for a 403b increases to $16,500 for 2009. http://www.mymoneyblog.com/archives/2009/01/2009-401k-403b-maximum-salary-contribution-limits.html
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