HR. 904In Committee
No Tax on Social Security
Excludes Social Security and Tier I railroad retirement benefits from federal taxable income while funding related trust fund transfer offsets
Plain-English overview
What this bill does
Excludes Social Security and Tier I railroad retirement benefits from federal taxable income while funding related trust fund transfer offsets
Key points
- Exclude retirement benefits from income
- Fund trust fund transfer offsets
Current status
Where it stands
Status
In Committee
Latest action
2025-01-31 — Referred to the House Committee on Ways and Means.
Related context
Topics and policy areas
undefinedDisability assistanceGovernment trust fundsIncome tax exclusionSocial security and elderly assistanceSocial Welfare