Tax Cuts for Veterans Act of 2023

This bill amends the tax code to exclude specific military retirement and disability benefits from taxable income for veterans. It directly affects current and former members of the armed forces (and certain uniformed services) who receive retirement pay under Titles 10, 14, 37, or 38 of the U.S. Code, or disability-related payments. Key provisions remove these benefits from gross income calculations, including special rules for veterans who previously reduced their retirement pay under Chapter 73 of Title 10. The changes apply to tax years beginning after the bill's enactment.