Bill > HR3515

This bill amends the Internal Revenue Code of 1986 to exclude military bonuses from gross income for tax purposes. Specifically, the bill modifies section 134 of the tax code by adding language that explicitly exempts bonuses paid to members of the uniformed services under chapter 5 of title 37 of the United States Code from being counted as taxable income. This means that military personnel who receive bonuses, such as recruitment, retention, or special duty bonuses, would not have to pay federal income tax on those additional payments. The change would take effect for taxable years beginning after December 31, 2024, giving service members a tax break on these bonus payments. By excluding these bonuses from gross income, the bill aims to provide financial relief and recognition for members of the uniformed services who may receive additional compensation for their service.

Budget and Finance

https://www.congress.gov/bill/119th-congress/house-bill/3515/all-info