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A bill to amend the Internal Revenue Code of 1986 to apply inflation adjustments to the base amount and adjusted base amount for purposes of determining taxable social security benefits.
To amend the Internal Revenue Code of 1986 to apply inflation adjustments to the base amount and adjusted base amount for purposes of determining taxable social security benefits.
Summary
- Amends the Internal Revenue Code to apply annual cost-of-living adjustments to the dollar thresholds used to determine how much of a person's Social Security benefits are subject to taxation
- Applies the inflation adjustments to taxable years beginning after 2026
- Specifies that adjusted amounts are rounded to the next highest multiple of $100
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)
- Sen. Kennedy, John [R-LA] (R-LA)
Actions (2)
- Jul 22, 2026 Read twice and referred to the Committee on Finance. · senate
- Jul 22, 2026 Introduced in Senate
Similar bills (6)
Bills with similar text or summary — includes reintroductions across Congresses. Ranked by semantic similarity of the bill text (computed locally); a neutral discovery aid, not a claim the bills are duplicates.
Text versions (1)
Bills are re-published as they move (Introduced → Reported → Engrossed → Enrolled …). Each stage below is a separate text; pick two to see what changed. Data from Congress.gov.
Full text
IN THE SENATE OF THE UNITED STATES
July 22, 2026
Mr. Kennedy introduced the following bill; which was read twice and referred to the Committee on Finance
A BILL
To amend the Internal Revenue Code of 1986 to apply inflation adjustments to the base amount and adjusted base amount for purposes of determining taxable social security benefits.
Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled,
SECTION 1. INFLATION ADJUSTMENT.
Section 86 of the Internal Revenue Code of 1986 is amended by adding at the end the following new subsection:
“(g) Inflation Adjustments.—
“(1) In general.—In the case of any taxable year beginning after 2026, each of the dollar amounts in paragraphs
(1)(A), (1)(B), (2)(A), and (2)(B) of subsection (c) shall be increased by an amount equal to—
“(A) such dollar amount, multiplied by
“(B) the cost-of-living adjustment determined under section (1)(f)(3) for the calendar year in which the taxable year begins, determined by substituting ‘calendar year 2025’ for ‘calendar year 2016’ in subparagraph (A)(ii) thereof.
“(2) Rounding.—If any amount as adjusted under paragraph
(1) is not a multiple of $100, such amount shall be rounded to the next highest multiple of $100.”. <all>
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