IRS announces changes for 2008

Here is the press release from the IRS. Some changes, some no changes. 401k contribution limits remain at $15,500. Phase out for Roths raised to $159,000 (for joint filers).

http://www.irs.gov/newsroom/article/0,,id=174876,00.html

Looks like a lot of adjustments, but not much in new deductions.

more than three dozen tax benefits, affecting virtually every taxpayer, are being adjusted for 2008.