Search Results for keywords:"vso equal tax treatment act"

Search Results: keywords:"vso equal tax treatment act"

H. R. 1432 — An Act To amend the Internal Revenue Code of 1986 to provide for the deductibility of charitable contributions to certain organizations for members of the Armed Forces.
September 18, 2024
Status:Received in Senate
Congress:118
Words:290
H. R. 1432, known as the "VSO Equal Tax Treatment Act" or the "VETT Act", aims to amend the Internal Revenue Code of 1986. This bill allows charitable contributions to certain organizations for members of the Armed Forces, specifically those described in...
Simple Explanation
H. R. 1432, the VETT Act, is like a special rule that lets people give money to certain groups that help soldiers and get a "thank you" from the government by paying a little less in taxes. But some parts aren't very clear about who exactly can get this special help, making it a bit confusing.
H. R. 1432 — To amend the Internal Revenue Code of 1986 to provide for the deductibility of charitable contributions to certain organizations for members of the Armed Forces.
January 18, 2024
Status:Reported in House
Congress:118
Words:572
H.R. 1432 proposes an amendment to the Internal Revenue Code, allowing charitable contributions made to specific organizations linked to the Armed Forces to be tax-deductible. The bill targets organizations that meet the criteria outlined under section 501(c)(19) of the...
Simple Explanation
Imagine a new rule that says if someone gives money to special groups that help people in the military, they can pay a little less on their taxes. This rule only works for certain big groups that are approved by the government.

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