Author Topic: Gold Star families who saw huge tax bill hikes could get relief from Congress  (Read 342 times)

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rangerrebew

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Gold Star families who saw huge tax bill hikes could get relief from Congress
By: Leo Shane III  


A bipartisan group of House lawmakers is pushing for a quick fix to tax law changes that left some families of fallen troops owing thousands more to the government this year.

At issue is how taxes of survivor benefits are handled. In previous years, money given by the military to the children of troops who died on duty were taxed at the same rate as their surviving parents.

But under changes included in the December 2017 tax law overhaul, those benefits were instead treated the same as family estate transfers, which increased the tax rate from no more than 15 percent up to 37 percent. That translated into hefty tax bills for many of those military families this spring.

https://www.militarytimes.com/news/pentagon-congress/2019/05/03/gold-star-families-who-saw-huge-tax-bill-hikes-could-get-relief-from-congress/

Offline SZonian

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Shouldn't be taxed at all. 

Those families have paid the ultimate "tax".
Throwing our allegiances to political parties in the long run gave away our liberty.