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  What's New This Year
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Summary

Take a moment to review the tax law changes for the 2008 tax year:

  • A variety of tax benefits were scheduled to expire in 2008, barring further action by Congress.
  • The HEART Act allows economic stimulus checks to be paid to military family members who lack a social security number
  • The standard mileage rates have increased for military travel and moves; the rates also increase for the second half of the year
  • Nontaxable combat pay election made permanent
  • Suspension of 5-year period during service with the Peace Corps

 

  
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