summary
Introduced
10/05/2017
10/05/2017
In Committee
10/05/2017
10/05/2017
Crossed Over
Passed
Dead
12/31/2018
12/31/2018
Introduced Session
115th Congress
Bill Summary
Social Security Tax Fairness Act This bill amends the Internal Revenue Code, with respect to the taxation of Social Security benefits, to: (1) increase the income thresholds above which Social Security benefits are subject to certain taxes, (2) require the income thresholds for joint returns to be twice the amounts in effect for other taxpayers, and (3) require the thresholds to be adjusted for inflation after 2018.
AI Summary
This bill, the Social Security Tax Fairness Act, amends the Internal Revenue Code to increase the income thresholds above which Social Security benefits are subject to taxes. It also requires the income thresholds for joint tax returns to be twice the amounts in effect for other taxpayers. Additionally, the bill mandates the thresholds to be adjusted for inflation after 2018. These changes aim to provide more favorable tax treatment of Social Security benefits, particularly for married couples.
Committee Categories
Budget and Finance
Sponsors (1)
Last Action
Sponsor introductory remarks on measure. (CR H8131) (on 10/24/2017)
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://www.congress.gov/bill/115th-congress/house-bill/3982/all-info |
| BillText | https://www.congress.gov/115/bills/hr3982/BILLS-115hr3982ih.pdf |
| Bill | https://www.congress.gov/115/bills/hr3982/BILLS-115hr3982ih.pdf.pdf |
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