H.R. 3515 would allow military service members to exclude bonuses from their taxable income, meaning these bonus payments would not be subject to federal income tax. The bill amends the tax code to add military bonuses to the list of qualified military benefits that are already tax-exempt. The change would apply to all members of the uniformed services who receive bonuses authorized under federal law, and it would be effective for the 2025 tax year and beyond. The legislation does not specify any funding amount or sunset date, making the tax exclusion permanent once enacted. This change would reduce the federal government's tax revenue but would benefit military personnel by allowing them to keep more of their bonus payments.
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