President Bush recently signed the Heroes Earnings Assistance and Relief Tax (HEART) Act (H.R.6081) into law (public Law 110-245). The HEART Act will allow tax-exempt pay received in a combat zone to qualify for the Earned Income Tax Credit (EITC) and permits contributions of military death gratuity payments to Roth IRAs and Education Savings Accounts.
Read more about the HEART Act on Military.com.
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