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Tax Relief Unleashed for Seniors by Trump Act
To amend the Internal Revenue Code of 1986 to increase the exclusion from gross income of social security benefits.
Summary
This bill increases the income thresholds used to determine how much of a person's Social Security benefits are subject to federal income tax. It raises the thresholds from their current levels to $50,000 and $64,000 for individual filers, and $59,000 and $76,000 for married couples filing jointly. The bill also provides for automatic inflation adjustments to these thresholds beginning in 2027. The changes take effect for tax years beginning after December 31, 2025.
AI-generated plain-language summary of the bill text — neutral, and may be imperfect. See the full text below for the exact wording.
Sponsor (1)
Actions (2)
- Feb 7, 2025 Referred to the House Committee on Ways and Means. · house
- Feb 7, 2025 Introduced in House
Similar bills (6)
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Text versions (1)
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Full text
IN THE HOUSE OF REPRESENTATIVES
February 7, 2025
Ms. Malliotakis introduced the following bill; which was referred to the Committee on Ways and Means
A BILL
To amend the Internal Revenue Code of 1986 to increase the exclusion from gross income of social security benefits.
Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled,
SECTION 1. SHORT TITLE.
This Act may be cited as the “Tax Relief Unleashed for Seniors by Trump Act”.
SEC. 2. INCREASE IN EXCLUSION FROM GROSS INCOME OF SOCIAL SECURITY BENEFITS.
(a) In General.—Section 86(c) of the Internal Revenue Code of 1986 is amended—
(1) by striking “$25,000” in paragraph (1)(A) and inserting “$50,000”,
(2) by striking “$32,000” in paragraph (1)(B) and inserting “$64,000”,
(3) by striking “$34,000” in paragraph (2)(A) and inserting “$59,000”, and
(4) by striking “$44,000” in paragraph (2)(B) and inserting “$76,000”.
(b) Inflation Adjustment.—Section 86(c) of such Code is amended by adding at the end the following new paragraph:
“(3) Inflation adjustment.—
“(A) In general.—In the case of any taxable year beginning after December 31, 2026, the dollar amounts in paragraphs (1)(A), (1)(B), (2)(A), and (2)(B) shall each be increased by an amount equal to—
“(i) such dollar amount, multiplied by
“(ii) the cost-of-living adjustment determined under section 1(f)(3) for the calendar year in which the taxable year begins by substituting ‘calendar year 2025’ for ‘calendar year 2016’ in subparagraph (A)(ii) thereof.
“(B) Rounding.—If any increase determined under subparagraph (A) is not a multiple of $100, such increase shall be rounded to nearest multiple of $100.”.
(c) Effective Date.—The amendments made by this section shall apply to taxable years beginning after December 31, 2025. <all>
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