Click any annotated section or its icon to see analysis.
Referenced Laws
Section 62(a)(2)(E)
Section 1
1. Short title This Act may be cited as the Savings for Servicemembers Act.
Section 2
2. Decrease in required distance away from home for above-the-line deduction for travel expenses of members of a reserve component of the Armed Forces Section 62(a)(2)(E) of the Internal Revenue Code of 1986 is amended by striking 100 miles and inserting 50 miles. The amendment made by this section shall apply to taxable years beginning after December 31, 2022.