Savings for Servicemembers Act

House Bill 5844 - Savings for Servicemembers Act: Overview, Status, and Impact

Hozzl · 2024-02-06T08:15:29Z

Explore the details of House Bill 5844 Savings for Servicemembers Act currently in Congress. Get insights into its purpose, current status, sponsors, and potential impact on Taxation. Stay informed on legislative developments.

2/6/2024, 8:15 AM

Congressional Summary of HR 5844

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.

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Current Status of Bill HR 5844

Bill HR 5844 is currently in the status of Bill Introduced since September 29, 2023. Bill HR 5844 was introduced during Congress 118 and was introduced to the House on September 29, 2023. Bill HR 5844's most recent activity was Referred to the House Committee on Ways and Means. as of September 29, 2023

Bipartisan Support of Bill HR 5844

Total Number of Sponsors

Democrat Sponsors

Republican Sponsors

Unaffiliated Sponsors

Total Number of Cosponsors

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Unaffiliated Cosponsors

Policy Area and Potential Impact of Bill HR 5844

Primary Policy Focus

Taxation

Alternate Title(s) of Bill HR 5844

Savings for Servicemembers Act

To 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.