- The IRS has approved a tax-free status for the $1,776 “Warrior Dividend,” ensuring military personnel can retain the full amount without tax deductions.
- This dividend will be received by approximately 1.45 million troops, as previously ordered by former President Trump.
- The tax-free payment will be distributed to both active duty and reserve forces across the nation.
- The IRS ruling means that military members will benefit financially by receiving the entire dividend payment without any tax implications.
- The decision underscores a focus on enhancing the financial wellbeing of those serving in the military.
Source: https://www.foxnews.com/politics/irs-confirms-trump-ordered-1776-warrior-dividend-troops-tax-free)
