Bill · S. 1856· Senate(119-S-1856)
A bill to amend the Internal Revenue Code of 1986 to exclude military bonuses from gross income.
- Introduced
- 5/22/2025
- Last activity
- 5/22/2025 — Read twice and referred to the Committee on Finance.
- Sponsored by
- Richard Blumenthal
- Cosponsors
- None
- Introduced
- In Committee
What this bill would do
This bill proposes an amendment to the Internal Revenue Code of 1986. The goal is to change how certain benefits are treated for tax purposes. Specifically, it seeks to exclude military bonuses from gross income. This would apply to bonuses paid to members of the uniformed services under chapter 5 of title 37, United States Code. The changes would take effect for taxable years beginning after December 31, 2024.
Yes
Does this cut taxes for middle-income families?+3
The bill provides tax relief by excluding military bonuses from gross income.
The opposite
Does this reduce what the federal government owes?-1
Reducing tax revenue through exclusions may slightly increase the deficit.
Who it would affect, and how
Potential Positive Impacts for People
- Tax Relief for Service Members: By amending section 134 of the Internal Revenue Code of 1986, the bill would exclude bonuses paid to members of the uniformed services from gross income. This means military members would not have these bonuses counted as taxable income (Section 1).
Potential Negative Impacts for People
- No negative impacts are explicitly stated in the provided text.
Groups and Interests Ranking
Every group the model scored this bill for, from -10 to +10. Hover a score for the reason it gave.
- Economy And Finance
- Reduces Middle Class Taxes+3Reduces National Debt-1
- 5/22/2025
- Read twice and referred to the Committee on Finance.
- Introduced in Senate
One bill Congress.gov lists as related to this one — companions in the other chamber, earlier versions, and bills this one absorbed or was folded into.