- The IRS has approved a tax-free status for the $1,776 “Warrior Dividend,” ensuring military personnel receive the full amount.
- This dividend is available to 1.45 million service members, including both active duty and reserve forces.
- The initiative for the “Warrior Dividend” was ordered by former President Donald Trump.
- Payments are set to be distributed nationwide to eligible military personnel.
- The IRS ruling ensures these payments are exempt from taxation, allowing recipients to utilize the entire amount without deductions.
Source: https://www.foxnews.com/politics/irs-confirms-trump-ordered-1776-warrior-dividend-troops-tax-free)
