Federal Travel Regulation; Relocation Income Tax Allowance Tax Tables-2008 Update; Correction

Federal Register: September 2, 2008 (Volume 73, Number 170)

Rules and Regulations

Page 51228

From the Federal Register Online via GPO Access [wais.access.gpo.gov]

DOCID:fr02se08-7

GENERAL SERVICES ADMINISTRATION 41 CFR Part 302-17

FTR Amendment 2008-03; FTR Case 2008-302; Docket2008-002, Sequence 1

RIN 3090-AI48

Federal Travel Regulation; Relocation Income Tax (RIT) Allowance

TaxTables-2008 Update

Correction

In rule document E8-10022 beginning on page 25539 in the issue ofWednesday, May 7, 2008 make the following corrections:

On page 25542, in Part 302-17, under Appendix D to Part 302-17,the tables should read as set forth below:

Appendix D to Part 302-17--[Corrected]

Puerto Rico Marginal Tax Rates by Earned Income Level--Tax Year 2007

Use the following table to compute the RIT allowance for Puerto Rico taxes, as prescribed in 302-17.8(e)(4)(i), on taxable reimbursements received during calendar year 2007.

Marginal tax rate

For married person living

with spouse and filing jointly, married person not living with spouse, single person, or head of

Percent

household

Over

But not over

7%..........................................

$2,000

$17,000 14% + 1,190.................................

17,000

30,000 25% + 3,010.................................

30,000

50,000 33% + 8,010.................................

50,000 ............

Marginal tax rate

For married person living

with spouse and filing separately

Percent

---------------------------

Over

But not over

7%..........................................

$1,000

$8,500 14% + $595..................................

8,500

15,000 25% + 1,505.................................

15,000

25,000 33% + 4,005.................................

25,000 ............

Source: Individual Income Tax Return 2007--Long Form; Commonwealth of

Puerto Rico, Department of the Treasury, P.O. Box 9022501, San Juan,

PR 00902-2501; http://www.hacienda.gobierno.pr/.

FR Doc. Z8-10022 Filed 8-29-08; 8:45 am

BILLING CODE 1505-01-D