IRS Lists Tax Law Changes for 2008

IRS Reminder: Make Use of Recent Tax Law Changes for 2008 and Dec. 31 Is the
Last Day for Most of These Actions
FS-2008-26, December 2008
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WASHINGTON
— Tax year 2008 is quickly nearing an end. The Internal Revenue Service reminds taxpayers to avoid putting off important financial tasks until the last minute. The important deadline of Dec. 31 is fast approaching for many tax-planning issues.

The IRS also urges taxpayers as part of their year-end tax planning to be aware of recent tax changes as well as recently reinstated tax deductions. Some tax breaks and a review of your current tax situation may result in a bigger refund or less taxes to be paid come tax time.

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See also Highlights of 2008 Tax Law Changes: Tax Breaks Renewed, Recovery Rebate Credit, Homeowner Relief