Tax Relief for First Responder Beneficiaries Act provides tax relief for public safety officers' death benefits.
The Tax Relief for First Responder Beneficiaries Act amends the Internal Revenue Code to provide tax relief for public safety officers' death benefits. It modifies the definition of "surviving dependents" to "surviving beneficiaries" and expands the survivor annuity benefits to include children or beneficiaries of any life insurance policy or benefit plan of the officer. The changes apply to taxable years beginning after December 31, 2022.
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- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
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