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Full Federal Tax Exemption for All Military Retirement Pay.

This bill introduces a major change for veterans and former service members by completely excluding all military retirement pay and related benefits from Federal income tax. This means recipients will keep 100% of their retirement benefits, directly increasing their disposable income. These changes will apply to taxable years beginning after the law is enacted.
Key points
Elimination of federal income tax on all military retirement and retainer pay.
The exemption covers regular military retirement pay and certain disability or combat-related benefits.
Direct financial benefit for veterans: higher net monthly income.
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Introduced
Citizen Poll
No votes cast
Additional Information
Print number: 119_HR_6190
Sponsor: Rep. Hamadeh, Abraham J. [R-AZ-8]