Congress approved the Heroes Earnings Assistance and Relief Tax Act of 2008 (H.R. 6081), which is on the way for final approval by the President. The bill includes a combination of tax benefits and extensions to expiring benefits for servicemembers and their families. The bill also allows surviving families to put death gratuities into tax-deferred savings accounts and employers to continue contributing to the retirement plans of employees who were killed or severely disabled.
Visit the Legislative Center on Military.com for more information on issues and legislation.
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