Up-to-the-minute advice, information, resources, and, on occasion, commentary on federal and New Jersey state income taxes, and the various New Jersey property tax rebate programs, and insights and observations on tax policy and professional tax practice, by 40-year veteran tax professional Robert D Flach.
Sunday, July 27, 2008
AS THE CONGRESS TURNS - THIS JUST IN!
The Senate passed the Housing and Economic Recovery Bill of 2008 (HERB 2008?) discussed in my similarly titled July 24th post by a 72-13 vote in a rate Saturday session. It is expected that George W will sign the bill into law early next week.
I will provide details of how the bill affects 1040s as soon as I have digested it.