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President Signs Tax Bill for Military Service Members According to an article in the Army Times, President Bush did the military a great service by signing a bill requesting a variety of tax benefits for military members as well as an extension of the benefits already in effect. The bill, titled the Heroes Earnings Assistance and Relief Tax Act of 2008 (HEART Act), positively affects every sector of the military. Included in its pages is a provision that allows military families a $600/person stimulus rebate. This rebate is provided regardless of whether or not a spouse lacks a Social Security number. Tax benefits like these are just some of the provisions the government has provided to ensure the security of its service members. There are many other benefits in the law, including tax credits for employers hiring Guard and Reserve members, the ability to put part or all of a surviving spouse’s death gratuity payments into a retirement plan or a tax-deferred savings account and the right of Guard and Reserve members to make withdrawals from their retirement plans with no penalties, among other benefits. MilitaryConnection.com offers the most up-to-date military finance articles on the web. We constantly update our information to include the most relevant military news. As such, we will happily post your press releases, newsletters, professional conferences and more to increase visibility. There is something for everyone on MilitaryConnection.com. Everything here is free to users. From our extensive job board to our virtual job fair, we offer a multitude of resources for military and veteran job seekers. Surf our directory of employers that consists of over 30,000 employers, read the latest job tips and columns written by job experts or post a job yourself by signing up as an employer. Along with career and finance articles, MilitaryConnection.com offers a great amount of informational resources on education benefits for military members, veterans and their families, like the Post 9/11 GI Bill. Check out our scholarship directory for the latest scholarship opportunities available to military and veterans. For all your military needs, visit MilitaryConnection.com, your “go-to” site for everything military. |
