Public Safety Retirees Healthcare Protection Act of 2023

HR 957, the Public Safety Retirees Healthcare Protection Act of 2023, increases a tax exclusion for public safety retirees. It amends the Internal Revenue Code to raise the amount excluded from taxable income for health and long-term care insurance premiums paid from retirement distributions - from $3,000 to $6,000 annually. This change directly affects public safety officers (like police and firefighters) who have retired and receive government retirement benefits. The provision applies to taxable years beginning after December 31, 2023, providing greater tax relief for these retirees' healthcare costs.