Welcome Guest. Register Now!  



Find a tax professional cpa near you

Reply
 
LinkBack Thread Tools Display Modes
  #1 (permalink)  
Old 03-24-2008, 06:34 PM
TaxGuru's Avatar
Tax Guru
 
Join Date: Jan 2007
Location: New Jersey, USA
Posts: 1,943
Blog Entries: 3
Combat Pay Can Count toward Economic Stimulus Payment Eligibility

According to the IRS, "Military personnel serving in combat zones have the option of including their nontaxable combat pay on their 2007 or 2008 income tax returns if it helps their eligibility for the 2008 economic stimulus payments."
__________________
Find a CPA near you!

Ask TaxGuru Please refer to the legal disclaimer.
Reply With Quote
Ads
Reply


Thread Tools
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

vB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off


Similar Threads
Thread Thread Starter Forum Replies Last Post
Tax calculation on re-payment of sign-on bonus maneeshg Income 0 03-17-2008 04:33 AM
What is the latest estimate of 2008 Tax refunds from the Stimulus package? Allard General 1 01-24-2008 05:32 PM
Is Non-Combat Pay includable for Earned Income Credit in 2007? TaxGuru Income 0 12-11-2007 05:15 PM
Last Minute Payment and Filing Tips Samatg General 0 04-03-2007 02:15 PM
Business Eligibility to Use Schedule C-EZ? Samatg General 0 02-08-2007 06:12 PM

Follow us on Twitter
» Categories
 
Individual
 » Income
 » IRA/Sep
 » Medical
 
Corporations
 
Forum for CPAs
 
Financial Planning