Tax Cuts for Veterans Act of 2025 excludes military retirement and related benefits from federal income tax.
The Tax Cuts for Veterans Act of 2025 amends the Internal Revenue Code to exclude military retirement and related benefits from federal income tax. This includes retired or retainer pay and any amounts received as monthly compensation, pension, pay, annuity, or allowance related to a disability or combat-related injury or death of a member of the armed forces. The changes apply to taxable years beginning after the enactment of this Act.
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