WASHINGTON, D.C. – Today, U.S. Senator Chris Coons (D-Del.) celebrated the unanimous passage of the Gold Star Families Tax Relief Act in the Senate. Senator Coons joined a bipartisan group of senators in co-sponsoring the legislation to provide tax relief for survivor benefits received by children who have lost a parent as a result of their service in the military.
The 2017 Tax Cuts and Jobs Act raised taxes on children’s survivor benefits by treating them as trusts or estates, rather than earned income. The Gold Star Families Tax Relief Act fixes this error and will now go to the House of Representatives for consideration.
“We are indebted to Gold Star families who have lost their loved ones in service to our country. The last thing we should do is ask them to give more, and I’m proud that the Senate unanimously passed the Gold Star Families Tax Relief Act to lower tax rates on survivor benefits for these families,” said Senator Coons. “As we honor those who have died in service to our nation this Memorial Day weekend, the passage of this bill is an important reminder to make sure that we are lifting up Gold Star families in their hour of need.”