Larson-Led Tax Benefit for Volunteer First Responders Passes House in SECURE Act
Washington, D.C. – Today, Rep. John B. Larson (CT-01) voted for the SECURE Act. The SECURE Act expands options for Americans to increase their retirement savings and expands the portability options for different retirement plans. The SECURE Act helps small businesses offer retirement plans, helps provide retirement benefit opportunities for home care workers and allows long-time part-time workers to participate in a 401(k) plan. Included in the Act is Larson’s Volunteer Responder Incentive Protection Act of 2019 (VRIPA), a bipartisan bill that would exempt from taxation the benefits volunteer firefighters and emergency medical services (EMS) personnel receive from their communities.
“I was proud to vote the SECURE Act today on the floor. This bipartisan legislation will enhance the options available to Americans to achieve a secure retirement. These private option enhancements are just one leg in the three-legged stool for retirement and this is one step forward in addressing our ongoing retirement crisis. We also need to act to ensure Social Security, which is the foundation of everyone’s retirement, is secure as well. That’s why I’m working to enhance and expand Social Security through the Social Security 2100 Act.
“Since I first came to Congress, I have been advocating to ensure that volunteer first responders aren’t forced to pay federal taxes on the small tokens of gratitude their communities bestow in return for their service. I was thrilled that my bill, the Volunteer Responder Incentive Protection Act of 2019 (VRIPA) was included in the SECURE Act. This tax benefit is the least we can do to repay the brave men and women who put their lives on the line to protect and save others in their communities every single time they respond to a call.”