"
The Working Families Relief Act and other new tax law changes allow
military members to benefit in a variety of ways, including:

Income Considerations
Generally, military personnel are not taxed on certain income, such as:

* Active duty pay earned in any month served in a combat zone;
* Imminent danger/hostile fire pay (IDP /HFP);
* Reenlistment bonus if the voluntary extension or reenlistment occurs in
a month served in a combat zone; and
* Pay for accrued leave earned in any month served in a combat zone (the
Department of Defense must determine that the unused leave was earned
during that period). Income received under
the combat pay exclusion does not qualify as earned income for IRA
contribution purposes."
Military members may be eligible for a Retirement Savings Contribution
Credit if they participate in the Thrift Savings Plan (TSP) or make an IRA
contribution during the year.

About Lowe's:
With fiscal year 2004 sales of $36. For more information , visit Lowes.

security charge

The banners were then sent by the
Army National Guard to troops around the world. (NYSE: JTX) is the second largest tax
preparation service company in the United States, with over 5,400 franchised
and company-owned offices in 49 states and the District of Columbia.S.

government military

There are certain instances when including combat
pay to calculate earned income for EITC can be beneficial or detrimental.jacksonhewitt.

families military

S.
Armed Forces or in support of the U. "The tax
laws, while fair , can be complex and overwhelming, so it's always a good idea
to seek assistance from a tax professional if you're unsure of your tax
situation.
"Today's military members often have very diverse sources of income, as
well as a variety of tax credits and deductions," said Steber. Jackson Hewitt is also sponsoring "Support Our Troops" Military Family
Bowling events at seven military bases across the country.com/cgi-bin/prnh/20050505/CLTH087 )
(Logo: http://www. The America Supports You dog tags feature the
program logo on a military style dog tag. is a
FORTUNE(R) 500 company that serves approximately 11 million customers a week
at more than 1,100 home improvement stores in 48 states .

government uruguay

, As part of its
month-long "Support Our Troops" effort, Jackson Hewitt Tax Service (NYSE: JTX)
outlines key tax laws that can benefit military members this tax season. Armed
Forces. 5 Busch series car will carry the same
decal. "We are
pleased that Lowe's can share the America Supports You message with millions
of fans who follow NASCAR and hope that the 'Dare to Repair' clinics and
Lowe's Fan Experience will offer some support and cheer for military personnel
and their families .

their security

Retirement Accounts
For the purposes of deducting contributions to a traditional individual
retirement account (IRA), Armed Forces' members (including reservists on
active duty for more than 90 days during the year) are considered to be active
participants in an employer-maintained retirement plan. For a joint return, the maximum credit is
$2,000.

forces services

Credits
When determining the Additional Child Tax Credit, earned income includes
combat pay, which is excluded from gross income. Books
collected will be distributed by the Army National Guard to troops around the
world.

Lowe's Joins America Supports You Team at Pentagon 'Salute' to the Military

From
May through July, Stephanie Glakas-Tenet and Julie Sussman, co-authors of
"Dare to Repair," will travel with the Fan Experience and teach basic home
repairs at clinics held especially for military families .7 million Americans, including individual citizens, businesses and
organizations, have logged onto the AmericaSupportsYou. Based in Mooresville,
N.C.

amp personnel

Jackson Hewitt Outlines Income Retirement and Tax Credit Considerations That Benefit Military Personnel

Military members contributing to an IRA or spousal IRA
need to seek tax advice if they contribute to an IRA and have little or no
taxable earnings for the year due to the combat pay exclusion. 48 Lowe's Chevrolet, driven by NASCAR Nextel Cup point leader
Jimmie Johnson, will carry the America Supports You decal on the rear deck lid
(trunk) during NASCAR races held during May, National Military Appreciation
Month.com.

forces benefit

Armed Forces in designated combat zones
have additional time to make a contribution to an IRA," said Steber. This could mean a higher
credit for those with a moderate taxable income. Under the new rules, including combat pay,
the additional child tax credit is $2,000. "Properly
taxing the income and taking advantage of the numerous credits and deductions
is the key to lowering taxes and increasing refunds .
This year, as part of its continuing "Support Our Troops" campaign,
Jackson Hewitt launched a national "Support Our Troops" Book Drive, running
March 15 through April 15, at Jackson Hewitt locations nationwide.
Specializing in electronic filing (IRS e-file), the Company provides full
service , individual federal and state income tax preparation and facilitates
related financial products.

More
information about the Company may be obtained by visiting the Company's Web
site at http: //www.

com/cgi-bin/prnh/20031205/LOWLOGO )
The No. On average, 700 people a day are
signing up to receive the America Supports You dog tag., the 59-year old company is the second-largest home improvement retailer
in the world.

armed south

Otherwise, the maximum credit is $1,000. The amount of the tax credit
may be offset by any taxable distribution paid directly to you by any IRA or
retirement plan (including the TSP) during the tax year, the last two tax
years, and up to the due date of the tax return claiming the credit. However, there is no EITC if combat
pay is included.C.
"We would like to support our military families while their loved ones are
serving America," said Bob Gfeller, Lowe's senior vice president.

service pensions

personnel security

Now under the new tax laws, combat pay benefits are also
valuable when it comes to calculating certain credits, such as the Earned
Income Tax Credit (EITC) and the Child Tax Credit, which may result in a
larger refund. By including combat pay,
the EITC is $1 ,648, an increase of $1,537. Another example is if a military
member who is single and has one qualifying child for the EITC earned $50,000,
of which $20,000 is taxable earned income and $30,000 is combat pay. Without
including combat pay, the EITC is $1,648. How-To Knowledge and NASCAR Fun at Military Bases

MOORESVILLE, N., Lowe's, Team Lowe's Racing and
the co-authors of "Dare to Repair," today join the Department of Defense's
America Supports You program, an ongoing nationwide campaign that showcases
and communicates America's support to men and women serving in the U.
The Team Lowe's Fan Experience will travel to military bases giving
military families an opportunity to enjoy an interactive racing exhibit. Every person
who registers on the site will receive an America Supports You dog tag to wear
as a visible sign of support.

pensions america

J. For
example, a military member who is single and has one qualifying child for EITC
earned $20,300, of which $300 is taxable earned income and $20,000 is combat
pay.

About Jackson Hewitt Tax Service Inc ."
America Supports You bumper stickers will be available free to customers
at Lowe's more than 1,100 stores nationwide.
Allison Barber, deputy assistant secretary of defense for Public Affairs,
said, "We are thrilled to add Lowe's, 'Dare to Repair' and Lowe's Racing to
the America Supports You team.

charge government

In addition, military personnel have many other types of income, including
military differential pay, awards, student loans and grants, which also have
significant tax implications . Without including combat pay, the EITC is $111.
Jackson Hewitt Tax Service Inc.5 billion, Lowe 's Companies, Inc.

america service

newscom.

south amp

"It's also important to remember that individuals serving in the U.
For the purpose of calculating the Earned Income Tax Credit (EITC),
military members can elect to include combat pay as earned income, which is
excluded from gross income. Combat pay is
otherwise excluded from gross income under Internal Revenue section 112.

pensions america

Your
adjusted gross income must be under $50,000 if married filing jointly,
$37,500 if head of household or $25,000 if single or married filing
separately."
Jackson Hewitt began its annual "Support Our Troops " campaign last year
with its "Support Our Troops Banner Campaign," which placed over 4,900 banners
in Jackson Hewitt office locations nationwide for employees, customers and
area residents to sign with well wishes. Most Jackson Hewitt offices are independently
owned and operated.com.
(Photo: http://www."

About America Supports You
Since the launch of the America Supports You program last November, over
1.

armed personnel

"Tax laws enacted prior to this tax season have brought a wealth of tax
benefits for military personnel," said Mark Steber, Vice President of Tax
Resources for Jackson Hewitt Tax Service Inc. "For example, military members
can exclude certain income from taxation , such as active duty pay earned while
serving in a combat zone, a rule that has benefited military members for a
number of years.S. We look forward to working together to ensure
the message that America Supports You reaches all our military men and women
and their families through community activities and all the added visibility
Lowe's support will give this important campaign.

pensions families

For example , a couple that is
married filing jointly and have two qualifying children for the child tax
credit earned $36,000, of which $9,000 is taxable earned income and $27,000 is
combat pay. Under the old rules, before combat pay was included, there would
be no additional child tax credit. This provision is effective for 2004 and 2005. Jackson Hewitt is based in Parsippany, New Jersey.

their uruguay

PARSIPPANY, N . From
special income considerations to retirement accounts and select tax credits,
military personnel will be able to claim key credits, deductions and other
benefits to which they are entitled, ideally creating a positive effect on
their financial bottomline.newscom. In addition, the Lowe's No.mil website to register
the activities and projects in their communities that show their support for
America's Armed Forces, especially those serving in harm's way.

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