To amend the Internal Revenue Code of 1986 to increase the exclusion from gross income of social security benefits.

Bill 119 HR 1129, also known as the Social Security Fairness Act, aims to amend the Internal Revenue Code of 1986 in order to increase the exclusion from gross income of social security benefits. The bill seeks to provide relief to individuals who receive social security benefits by raising the income threshold at which these benefits are taxed.

Currently, social security benefits are subject to taxation if an individual's income exceeds a certain threshold. This bill proposes to increase this threshold, allowing more individuals to exclude a larger portion of their social security benefits from their gross income.

The goal of this legislation is to provide financial relief to retirees and individuals who rely on social security as a significant source of income. By increasing the exclusion of social security benefits from gross income, the bill aims to reduce the tax burden on these individuals and improve their overall financial well-being. Overall, Bill 119 HR 1129 seeks to make the tax code more equitable for individuals receiving social security benefits and provide much-needed relief to those who rely on these benefits for their livelihood.