[Congressional Bills 119th Congress]
[From the U.S. Government Publishing Office]
[H.R. 1129 Introduced in House (IH)]

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119th CONGRESS
  1st Session
                                H. R. 1129

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


_______________________________________________________________________


                    IN THE HOUSE OF REPRESENTATIVES

                            February 7, 2025

 Ms. Malliotakis 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 increase the exclusion 
             from gross income of social security benefits.

    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 1. SHORT TITLE.

    This Act may be cited as the ``Tax Relief Unleashed for Seniors by 
Trump Act''.

SEC. 2. INCREASE IN EXCLUSION FROM GROSS INCOME OF SOCIAL SECURITY 
              BENEFITS.

    (a) In General.--Section 86(c) of the Internal Revenue Code of 1986 
is amended--
            (1) by striking ``$25,000'' in paragraph (1)(A) and 
        inserting ``$50,000'',
            (2) by striking ``$32,000'' in paragraph (1)(B) and 
        inserting ``$64,000'',
            (3) by striking ``$34,000'' in paragraph (2)(A) and 
        inserting ``$59,000'', and
            (4) by striking ``$44,000'' in paragraph (2)(B) and 
        inserting ``$76,000''.
    (b) Inflation Adjustment.--Section 86(c) of such Code is amended by 
adding at the end the following new paragraph:
            ``(3) Inflation adjustment.--
                    ``(A) In general.--In the case of any taxable year 
                beginning after December 31, 2026, the dollar amounts 
                in paragraphs (1)(A), (1)(B), (2)(A), and (2)(B) shall 
                each be increased by an amount equal to--
                            ``(i) such dollar amount, multiplied by
                            ``(ii) the cost-of-living adjustment 
                        determined under section 1(f)(3) for the 
                        calendar year in which the taxable year begins 
                        by substituting `calendar year 2025' for 
                        `calendar year 2016' in subparagraph (A)(ii) 
                        thereof.
                    ``(B) Rounding.--If any increase determined under 
                subparagraph (A) is not a multiple of $100, such 
                increase shall be rounded to nearest multiple of 
                $100.''.
    (c) Effective Date.--The amendments made by this section shall 
apply to taxable years beginning after December 31, 2025.
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