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Tag: armed forces deferred tax relief act

Alcee Hastings Introduces the Armed Forces Deferred Tax Relief Act

According to the congressman’s office, the bill will “direct the Secretary of Defense to compensate members of the Armed Forces for certain taxes deferred pursuant to Internal Revenue Service Notice 2020-65" and “such deferred taxes are withheld by the Secretary of Defense during the period beginning on January 1, 2021 and end by April 30, 2021, the Secretary shall make a payment to such a member in an amount equal to the deferred tax withheld.”
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