Savings for Servicemembers Act

2/6/2024, 8:15 AM

Savings for Servicemembers Act

This bill modifies the tax deduction for the travel expenses of members of a reserve component of the Armed Forces to decrease the distance from home requirement from 100 miles to 50 miles.

Congress
118
Number
HR - 5844
Introduced on
2023-09-29
# Amendments
0
Sponsors
+5
Cosponsors
+5

Variations and Revisions

9/29/2023
Text
PDF
XML

Status of Legislation

Bill Introduced
Introduced to House
House to Vote
Introduced to Senate
Senate to Vote

Purpose and Summary

Savings for Servicemembers Act

This bill modifies the tax deduction for the travel expenses of members of a reserve component of the Armed Forces to decrease the distance from home requirement from 100 miles to 50 miles.

Alternative Names
Official Title as IntroducedTo amend the Internal Revenue Code of 1986 to decrease the distance away from home required for a member of a reserve component of the Armed Forces to be eligible for the above-the-line deduction for travel expenses.
Policy Areas
Taxation

Comments

Recent Activity

Latest Summary10/25/2023

Savings for Servicemembers Act

This bill modifies the tax deduction for the travel expenses of members of a reserve component of the Armed Forces to decrease the distance from home requirement from 100 miles to 50 miles....

Latest Action9/29/2023
Referred to the House Committee on Ways and Means.