This bill increases the amount of money retired public safety officers can exclude from their taxable income when using retirement funds for health insurance. This change helps ensure they have more financial support for their healthcare needs.
If you are a retired public safety officer, you could save more on your taxes for health insurance costs.
Who this affects
Retired police officers · Retired firefighters · Public safety personnel
What changes is this bill making?
1This bill raises the tax exclusion for health insurance from $3,000 to $6,000.
2It specifically applies to distributions from government retirement plans.
3The change benefits public safety officers, like police and firefighters.
4It takes effect for taxable years starting after December 31, 2025.
5This aims to help retired officers cover their healthcare costs.
