The bill H. R. 2565 aims to amend the Internal Revenue Code of 1986 to make enlistment and reenlistment bonuses for U.S. armed forces members exempt from being counted as gross income. This would mean that these bonuses would not be subject to federal income tax. The bill...
The bill wants to change the rules so that when soldiers get extra money for joining or staying in the army, they don’t have to give some of it away for taxes.
The bill H. R. 481, introduced in the 119th Congress, aims to modify the Internal Revenue Code of 1986 by removing the restrictions on deductions for personal casualty losses. It proposes to eliminate paragraph (5) in Section 165(h) of the Code, thereby allowing individuals...
The bill wants to change a rule so people can get money back from the government when their things get damaged or lost in a bad event, like a fire or storm, without many limits. This rule will help more starting in 2025 and hopes to make it fairer for everyone who faces such troubles.
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