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Posted by Ted on May 28, 2008, 2:39 pm
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> "Ted" wrote:
>
>> At what point can one reasonably assume the tax laws (regulations?
>> codes?) are final for 2008?
>
> It depends on the provision. It's an election year, so you're pretty safe
> in assuming there will be no major changes.
>
> AFAIK there's been no extender bill passed yet regarding the things that
> they dribble out year by year, such as sales tax deduction and educator
> expenses, and there will be the traditional hoo-haw about AMT I assume.
>
> I suspect that they'll actually get things nailed down by Labor Day this
> year so they can go home and campaign for re-election based on their zeal
> for tax simplification.
>
Lets say they do it by Labor Day. Can they still change thing later?
========================================= MODERATOR'S COMMENT:
Last year, the 2007 AMT rules weren't signed into law until late
December or early January. The Economic Stumulus Act Rebate wasn't
settled until even later in 2008, and is still changing as we speak!
--
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