Bill > HR1161

This bill, the Fairness in Social Security Act of 2021, amends the Internal Revenue Code to exclude the portion of a lump-sum Social Security benefit payment that relates to periods prior to the taxable year from the determination of household income. Specifically, it allows taxpayers to exclude the amount of a lump-sum Social Security payment that is attributable to months before the current taxable year when calculating their modified adjusted gross income, which is used to determine eligibility for certain tax credits and benefits. The bill also provides a one-year waiver of the statute of limitations on claiming a refund or credit resulting from this change.

Budget and Finance, Labor and Employment

https://www.congress.gov/bill/117th-congress/house-bill/1161/all-info