Anchor Intro: Are you getting ready to file your taxes? Before you do, Bankrate.com shows you some of the good and bad changes in store for tax season 2008.

Voiceover 1: Every year the tax law changes, and 2007 was no exception. In fact, Congress was fiddling with the law right up till Christmas.

Voiceover 2: Which is a good thing for those subject to the Alternative Minimum Tax. The exemption for this unpopular tax was raised for '07. That's the good news. But that patch was only for '07 ... the bad news is that without further Congressional action this year, it's history.

Voiceover 3: 2007 was also the last year you could choose to deduct state and local sales taxes.

Voiceover 4: If you're a teacher, you'll be happy to learn that your deduction for up to $250 worth of school supplies is still good for '07 ... but you may be a bit disappointed to learn it's history in '08.

Voiceover 5: And here's another topic for study: The deduction for college tuition and fees ... this one deduction could reduce your 2007 taxable income by as much as 4 grand. But for 2008 ... it's gone.

Voiceover 6: About the only thing I could find that's better this year than last: The mileage deduction for work-related travel goes from 2007's 48.5 cents to 50.5 cents a mile in 2008.

Standup: Of course, by the end of the year, Congress could restore many of these breaks -- a prospect made more likely by the fact that it's an election year. For Bankrate.com, I'm Kristin Arnold.