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Tax relief for reservists: shorter distance for travel expense deduction.

This new act reduces the required distance from home for reservists to deduct their travel expenses from taxes. This means more reserve members will be eligible for the deduction, potentially leading to lower taxes and greater savings for them. These changes apply to taxable years beginning after December 31, 2022.
Key points
Reduces the required distance from 100 miles to 50 miles from home for reservists to deduct travel expenses.
More reserve members will qualify for tax relief on their official travel expenses.
Changes are effective for taxable years beginning after December 31, 2022, potentially impacting 2023 tax filings.
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Additional Information
Print number: 118_HR_5844
Sponsor: Rep. Kelly, Trent [R-MS-1]
Process start date: 2023-09-29