House pushes through tax breaks for members of the military

By: The Associated Press
By: The Associated Press

The House wants to give members of the military more tax benefits. And members overwhelmingly passed a bill that would do so.

The breaks are also extended to other public servants such as volunteer firefighters.

The legislation makes permanent a current law that designates military combat pay as eligible for the Earned Income Tax Credit. The credit refunds payroll and income taxes to low-income people. It also makes permanent IRS provisions to allow active-duty reservists to make penalty-free withdrawals from retirement plans.

Thousands of veterans would be eligible for low-interest loans to become homeowners.

The bill now goes to the Senate for consideration.

The House also passed a bill to guarantee military veterans who are discharged due to combat injuries their full enlistment or re-enlistment bonuses.


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