HR 715 · 119th CongressIn Committeecongress.gov ↗

BNA Fairness Act

What this bill does

AI plain-language summary

This bill would make the basic needs allowance that some military members receive not count as taxable income for federal taxes. Currently, military members with at least one dependent and low household income can get this extra monthly payment if their income is below 200% of the federal poverty level. Right now, this allowance must be included when calculating taxes, but the bill would change that so military members wouldn't have to pay federal income tax on this money.

Introduced

January 23, 2025

Policy Area

Taxation

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