Military Pension Protection Act

The Military Pension Protection Act changes federal tax rules to exclude military pensions from taxable income. This provision directly benefits active duty service members, veterans, and their beneficiaries by ensuring these payments are not counted as gross income for tax purposes. The bill achieves this by adding a new section to the Internal Revenue Code that specifically exempts government pensions earned through military service. These tax benefits will apply to any taxable year starting after the law is enacted.