Bill > HR2279

This bill aims to modify the Internal Revenue Code to provide tax benefits for volunteer firefighters and emergency medical service providers. Specifically, the bill increases the amount of qualified payments that can be excluded from gross income from $50 to $1,000, which means volunteer first responders can now receive up to $1,000 in compensation or awards without having to pay taxes on that amount. Additionally, the bill clarifies that payments made through Length of Service Award Programs (LOSAP) are considered qualified payments, ensuring that these types of programs are explicitly recognized under the tax code. LOSAP are programs that provide financial rewards to volunteer emergency service workers in recognition of their years of service, typically in the form of retirement-like benefits or stipends. The changes outlined in this bill will apply to amounts awarded after the date of the bill's enactment, with the goal of providing greater financial support and recognition for volunteers who provide critical emergency services in their communities.

Budget and Finance

https://www.congress.gov/bill/119th-congress/house-bill/2279/all-info