To amend the Internal Revenue Code of 1986 to repeal the inclusion in gross income of Social Security benefits.

Hozzl · 2025-02-15T09:07:30Z

Explore the details of House Bill 904 To amend the Internal Revenue Code of 1986 to repeal the inclusion in gross income of Social Security benefits. currently in Congress. Get insights into its purpose, current status, sponsors, and potential impact on undefined. Stay informed on legislative developments.

2/15/2025, 9:07 AM

Summary of Bill HR 904

Bill 119 HR 904, also known as the Social Security Fairness Act, aims to amend the Internal Revenue Code of 1986 by repealing the requirement to include Social Security benefits in gross income. This bill seeks to provide relief to individuals who receive Social Security benefits by eliminating the tax burden on these payments.

Currently, Social Security benefits are subject to federal income tax if an individual's income exceeds a certain threshold. This can result in a portion of the benefits being taxed, reducing the overall amount received by the beneficiary. The Social Security Fairness Act seeks to address this issue by removing the requirement to include these benefits in gross income, effectively exempting them from federal taxation.

Supporters of the bill argue that taxing Social Security benefits places an undue burden on retirees and individuals with disabilities who rely on these payments as a significant source of income. By repealing the inclusion of Social Security benefits in gross income, this legislation aims to provide financial relief to those who depend on these benefits for their livelihood. Opponents of the bill may argue that removing the tax on Social Security benefits could result in a loss of revenue for the federal government, potentially impacting funding for other programs. However, proponents of the Social Security Fairness Act believe that the benefits of providing relief to individuals who rely on Social Security outweigh any potential revenue implications. Overall, Bill 119 HR 904 seeks to alleviate the tax burden on Social Security beneficiaries by repealing the inclusion of these benefits in gross income. This legislation aims to provide financial relief to individuals who depend on Social Security as a vital source of income, without imposing additional tax obligations on these payments.

Congressional Summary of HR 904

No Tax on Social Security

This bill excludes Social Security and Tier I railroad retirement benefits from gross income for purposes of federal income taxes. The bill also provides funds to cover reductions in transfers to the Social Security, Medicare, and Railroad Retirement trust funds resulting from the enactment of this bill.

Current Status of Bill HR 904

Bill HR 904 is currently in the status of Bill Introduced since January 31, 2025. Bill HR 904 was introduced during Congress 119 and was introduced to the House on January 31, 2025. Bill HR 904's most recent activity was Referred to the House Committee on Ways and Means. as of January 31, 2025

Bipartisan Support of Bill HR 904

Total Number of Sponsors

Democrat Sponsors

Republican Sponsors

Unaffiliated Sponsors

Total Number of Cosponsors

Democrat Cosponsors

Republican Cosponsors

Unaffiliated Cosponsors

Policy Area and Potential Impact of Bill HR 904

Primary Policy Focus

Alternate Title(s) of Bill HR 904

To amend the Internal Revenue Code of 1986 to repeal the inclusion in gross income of Social Security benefits.To amend the Internal Revenue Code of 1986 to repeal the inclusion in gross income of Social Security benefits.

Start holding our government accountable!

Comments

Sponsors and Cosponsors of HR 904

Jefferson Van Drew

New Jersey(Republican)

Thomas Massie

Kentucky(Republican)

Latest Bills

To amend the Agriculture Improvement Act of 2018 to reauthorize the dairy business innovation initiatives.

Bill HR 985March 25, 2025

A bill to establish in the Department of State the Office to Monitor and Combat Islamophobia, and for other purposes.

Bill S 805March 25, 2025

A bill to amend the Internal Revenue Code of 1986 to exclude from gross income interest received on certain loans secured by rural or agricultural real property.

Bill S 838March 25, 2025

A joint resolution providing for congressional disapproval under chapter 8 of title 5, United States Code, of the rule submitted by the Environmental Protection Agency relating to "Review of Final Rule Reclassification of Major Sources as Area Sources Under Section 112 of the Clean Air Act".

Bill SJRES 31March 25, 2025

A bill to support democracy and the rule of law in Georgia, and for other purposes.

Bill S 868March 25, 2025