This bill changes the Internal Revenue Code to prevent certain Social Security payments from being counted as "social security benefits" for federal income tax purposes. It adds a rule to section 86(d) saying that monthly insurance benefits under Title II that are attributable to the Social Security Fairness Act of 2023 and that are paid for months beginning after December 31, 2024 and ending before January 1, 2026 are not included in the term "social security benefit." In plain terms, amounts of restored benefits tied to the 2023 Act and paid in 2025 would be excluded from gross income.
If you receive monthly Social Security Title II benefits in 2025 that are specifically attributable to the Social Security Fairness Act of 2023, those portions would not be treated as "social security benefits" for calculating federal gross income under the rule changed by this bill. This change applies only to benefits for months beginning after December 31, 2024 and before January 1, 2026 (effectively calendar year 2025) and only to amounts tied to the 2023 Act.
No publicly available information. The bill text does not include a Congressional Budget Office estimate or other budgetary analysis.
The bill’s sponsors proposed this amendment to exclude from gross income the specific monthly Title II benefit amounts that were restored by the Social Security Fairness Act of 2023 for the months covered by the bill’s date range (months in 2025).
No publicly available information on objections or opposing arguments in the bill text or metadata.