No Tax on Social Security

Bill: 119-hr-904
Sponsor: full_name: Rep. Van Drew, Jefferson [R-NJ-2]
Introduced: 2025-01-31
Policy area: Social Welfare
Subjects: Disability assistance

Government trust funds

Income tax exclusion

Social security and elderly assistance
Latest action: action_date: 2025-01-31
text: Referred to the House Committee on Ways and Means.

Summaries:
action_date: 2025-01-31
action_desc: Introduced in House
text: <p><strong>No Tax on Social Security </strong></p><p>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.</p>

tv_txt: I 119th CONGRESS 1st Session H. R. 904 IN THE HOUSE OF REPRESENTATIVES January 31, 2025 Mr. Van Drew introduced the following bill; which was referred to the Committee on Ways and Means A BILL To amend the Internal Revenue Code of 1986 to repeal the inclusion in gross income of Social Security benefits.

1. Short title This Act may be cited as the No Tax on Social Security . 2. Repeal of inclusion of social security benefits in adjusted gross income (a) In general Section 86 of the Internal Revenue Code of 1986 (relating to social security benefits) is amended by adding at the end the following new subsection: (g) Termination This section shall not apply to any taxable year beginning after the date of the enactment of this subsection. . (b) Social security trust funds held harmless There are hereby appropriated (out of any money in the Treasury not otherwise appropriated) for each fiscal year to each fund under the Social Security Act (including the Federal Hospital Insurance Trust Fund) or the Railroad Retirement Act of 1974 an amount equal to the reduction in the transfers to such fund for such fiscal year by reason of section 86(g) of the Internal Revenue Code of 1986.