To amend the Internal Revenue Code of 1986 to exclude military bonuses from gross income.

This bill proposes an amendment to the Internal Revenue Code of 1986 , aiming to provide a tax benefit for members of the uniformed services. Its primary purpose is to exclude certain military bonuses from gross income , thereby reducing the taxable income for eligible service members. The legislation specifically modifies subsection (a) of section 134 of the Code, expanding the definition of excluded income to include any bonus paid to a member of the uniformed services under chapter 5 of title 37, United States Code . This exclusion would apply to taxable years beginning after December 31, 2024 , offering financial relief to military personnel receiving such bonuses.