Jun 26, 2019

Senators Working to Finally Abolish 'Widow's Tax'


"...With overwhelming support in Congress, two senators hope this is the year a dollar-for-dollar offset in compensation to surviving military spouses of military personnel and retirees -- known colloquially as the "widow's tax" -- is eliminated.

Sen. Susan Collins, R-Maine, and Sen. Doug Jones, D-Alabama, took to the Senate floor Monday urging for a vote on their proposed amendment to the national defense policy bill to overturn the offset.

The legislation, which has the backing of 75 senators, would repeal deductions taken from those who receive payments under the Defense Department's Survivor Benefit Plan and also get Dependency and Indemnity Compensation from the Department of Veterans Affairs.

Under the Survivor Benefit Plan, military retirees pay a portion of their retirement benefit to ensure that family members receive up to 55% of their retirement pay when they die...."

Read more at military.com