Bills · HR 904
IN COMMITTEE· 119TH CONGRESS
House BillHR 904Government trust fundsSocial security and elderly assistance
No Tax on Social Security
INTRO JAN 31· LAST ACTION JAN 31
READING
1MIN
COSPONSORS
2
READER REACTIONS0 TOTAL
NO VOTES YET · BE THE FIRST
- Introduced only
LEGISLATIVE PROGRESS
STEP 2 / 8Introduced
In Committee
Reported
Passed House
Passed Senate
Conference
To President
Became Law
WHAT THE BILL DOES
AI-writtenThis bill matters because it would change how much money millions of retirees and other Social Security recipients get to keep each year. Currently, the federal government taxes a portion of Social Security benefits for people above certain income levels, which can reduce the effective amount of their retirement income, especially for those relying heavily on these benefits.
If this bill becomes law, all federal income taxes on Social Security benefits would be eliminated, potentially putting more money in the pockets of beneficiaries, particularly those who currently pay taxes on their benefits. If it doesn't pass, the existing system of taxing Social Security benefits based on income thresholds would continue. This bill aims to address financial pressures on seniors and other beneficiaries by making their Social Security income fully exempt from federal taxation.
KEY PROVISIONS
3AI-extractedPROVISION 01
Eliminates the federal income tax on Social Security benefits for all recipients.
This directly increases the net income for beneficiaries who currently pay taxes on a portion of their benefits.
PROVISION 02
Ensures that Social Security and Railroad Retirement trust funds do not lose money due to the tax repeal by appropriating equivalent amounts from the Treasury.
This protects the financial stability and solvency of these critical benefit programs from being negatively impacted by the change in tax law.
PROVISION 03
The new tax-free status for Social Security benefits would apply to any taxable year that begins after the date the bill becomes law.
This provides a clear start date for when beneficiaries can expect their Social Security income to be federally tax-exempt.
SPONSORSHIP
1 + 2
R· New Jersey
YRS IN OFFICE
7
BILLS LED
57
COSPONSOR BREAKDOWNBIPARTISAN · 0%
DEM 0 REP 2 IND 0
ACTION TIMELINE
2 EVENTSJAN 31
Introduced in House
JAN 31
Referred to the House Committee on Ways and Means.
BILL INFO
TypeHouse Bill
NumberHR 904
Congress119th
StatusIn Committee
IntroducedJan 31, 2025
Last actionJan 31, 2025
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IN COMMITTEE· 119TH CONGRESS · WAYS AND MEANS COMMITTEE · INTRODUCED JAN 31, 2025
House BillHR 904Government trust fundsSocial security and elderly assistance
No Tax on Social Security
INTRODUCED JAN 31, 2025· LAST ACTION JAN 31, 2025
PASSAGE CHANCES
—%
READING
1 min
COSPONSORS
2
COMPLEXITY
Moderate
