House passes tax relief for combat-injured veterans | KPMG | US

Legislative update: House passes "tax fairness" bill, combat-injured veterans

House passes tax relief for combat-injured veterans

The U.S. House of Representatives on December 5, 2016, passed by unanimous vote, H.R. 5015, the Combat-Injured Veterans Tax Fairness Act of 2016.

1000

Related content

H.R. 5015 is intended to prevent military veterans who suffer service-ending combat-related injuries from being “wrongfully taxed” on severance payments received from the Defense Department.

 

Read a statement from Ways and Means Chairman Kevin Brady (R-TX) on House approval of the bill.

© 2017 KPMG LLP, a Delaware limited liability partnership and the U.S. member firm of the KPMG network of independent member firms affiliated with KPMG International Cooperative (“KPMG International”), a Swiss entity. All rights reserved.

The KPMG logo and name are trademarks of KPMG International. KPMG International is a Swiss cooperative that serves as a coordinating entity for a network of independent member firms. KPMG International provides no audit or other client services. Such services are provided solely by member firms in their respective geographic areas. KPMG International and its member firms are legally distinct and separate entities. They are not and nothing contained herein shall be construed to place these entities in the relationship of parents, subsidiaries, agents, partners, or joint venturers. No member firm has any authority (actual, apparent, implied or otherwise) to obligate or bind KPMG International or any member firm in any manner whatsoever. The information contained in herein is of a general nature and is not intended to address the circumstances of any particular individual or entity. Although we endeavor to provide accurate and timely information, there can be no guarantee that such information is accurate as of the date it is received or that it will continue to be accurate in the future. No one should act on such information without appropriate professional advice after a thorough examination of the particular situation. For more information, contact KPMG's Federal Tax Legislative and Regulatory Services Group at: + 1 202 533 4366, 1801 K Street NW, Washington, DC 20006.

Connect with us

 

Request for proposal

 

Submit