Military Pension Protection Act

Lower federal taxes for military retirees

This bill would let you exclude from federal gross income any pension or annuity paid by the Federal Government for service as a member of the U.S. Armed Forces. This exclusion would apply whether the payment goes to the service member or to a beneficiary, such as a survivor annuity. The change would apply to taxable years beginning after the date of enactment. If enacted, this would lower federal taxable income and likely reduce federal income tax bills for affected retirees and survivors.