Military Family Tax Relief Act
A military tax relief bill was signed into law on Veteran's Day 2003 by President Bush.
H.R. 3365, the Military Family Tax Relief Act, targets relief to family members
of the U.S. Armed Forces serving in Iraq and other areas.
Among other things, the bill increases the death gratuity benefit paid to families
of military personnel who die while on active duty, from $6,000 to $12,000 and
exempts the entire amount from federal tax. This provision applies to all those
on active duty to include Reservists and National Guard members who have been
mobilized for active duty. The death gratuity also applies to those who die within
120 days after being medically released from active duty for an injury or illness
suffered while on active duty. The provision is retroactive to 9/11/2001.
For more information on the Military Family Tax Relief Act, click
on the following link:
http://tax.cchgroup.com/news/militaryreliefact2003.pdf
- December 12, 2003 - IRS Notifies Military Personnel of Favorable Tax Law Changes
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