- The IRS has confirmed a tax ruling regarding a financial payment termed the ‘$1,776 Warrior Dividend.’
- This dividend is being distributed to military personnel, including both active duty and reserve forces, across the United States.
- Each eligible service member will receive the full amount of $1,776 without any deductions, as the payment is tax-free.
- The tax exemption ensures that military personnel can retain the entire dividend amount issued to them.
- The decision by the IRS has been officially announced to affirm that these funds will not be subject to federal income tax.
- This initiative targets approximately 1.45 million troops nationwide, providing them with a financial benefit they can fully utilize.
Source: https://www.foxnews.com/politics/irs-confirms-trump-ordered-1776-warrior-dividend-troops-tax-free)
