The new federal income tax laws inadvertently caused a massive tax increase hurting Gold Star Families. Survior benefits are now being taxed at 35% instead of ordinary income rates (typically 10%-12%). Gold Star families are now in the same tax bracket as people making over $400,000.
Area Gold Star Families hurting due to new federal tax laws
The new federal income tax laws inadvertently caused a massive tax increase hurting Gold Star Families. Survior benefits are now being taxed at 35% instead of ordinary income rates (typically 10%-12%). Gold Star families are now in the same tax bracket as people making over $400,000.
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