Tax Cuts for Veterans Act of 2025 proposes to exclude all military retirement and related benefits from federal income tax.
The Tax Cuts for Veterans Act of 2025 amends the Internal Revenue Code to exclude all military retirement and related benefits from federal income tax. This includes any amounts received as monthly compensation, pension, pay, annuity, or allowance paid under titles 10, 14, 37, or 38 of the United States Code, in connection with a disability or combat-related injury or disability or death of a member of the Armed Forces. The amendments apply to taxable years beginning after the date of the enactment of this Act.
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