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Plan would make military enlistment, retention bonuses tax exempt

Summary by Military Times

Military enlistment and retention bonuses would be exempt from federal taxes under a proposal unveiled this week, a move that could put thousands of dollars into the wallets of eligible service members.The legislation — sponsored by Army veteran Rep. Brian Mast, R-Fla. — would apply to enlistment, re-enlistment and other incentive bonuses. Those can range from a few hundred dollars to tens of thousands in extra cash.Many of those bonuses are cur…

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Army Times

+2 Reposted by 2 other sources

Center

Plan would make military enlistment, retention bonuses tax exempt

2 days ago·United States

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Military.com

Center

House Republican Pushing for Tax Exemption for Military Bonuses to Be Included in Trump Agenda Bill

Bonuses for enlisting and reenlisting in the military would be tax exempt under a bill introduced in the House.

2 days ago·San Francisco, United States

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Floridian Press

Mast Introduces Bill Removing Taxes from Military Bonuses

Representative Brian Mast (R-FL) has introduced legislation to make military enlistment and reenlistment bonuses immune from taxation. Simply and aptly named the No Tax on Military Bonuses Act, Rep. Mast's bill exempts all military pay bonuses tax-free. This expansion of the current system, which taxes service members at a marginal rate, means bonus taxes are not levied on troops currently deployed in combat zones. "Military service members rais…

2 days ago

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