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Titles Actions Overview All Actions Cosponsors Committees Related Bills Subjects Latest Summary All Summaries

Titles (2)

Short Titles

Short Titles - House of Representatives

Short Title(s) as Introduced

Pandemic Relief for Working Seniors Act of 2021

Official Titles

Official Titles - House of Representatives

Official Title as Introduced

To increase the exempt amount applicable for the retirement earnings test for months in 2020 and 2021, and for other purposes.

Actions Overview (1)

Date Actions Overview
03/03/2021Introduced in House

All Actions (2)

Date All Actions
03/03/2021Referred to the House Committee on Ways and Means.
Action By: House of Representatives
03/03/2021Introduced in House
Action By: House of Representatives

Cosponsors (1)

* = Original cosponsor
CosponsorDate Cosponsored
Rep. Schweikert, David [R-AZ-6] 04/14/2021

Committees (1)

Committees, subcommittees and links to reports associated with this bill are listed here, as well as the nature and date of committee activity and Congressional report number.

Committee / Subcommittee Date Activity Related Documents
House Ways and Means03/03/2021 Referred to

As of 06/24/2021 no related bill information has been received for H.R.1601 - Pandemic Relief for Working Seniors Act of 2021

Subjects (3)

Latest Summary (1)

There is one summary for H.R.1601. View summaries

Shown Here:
Introduced in House (03/03/2021)

Pandemic Relief for Working Seniors Act of 2021

This bill increases the amount of income that individuals who are younger than full retirement age may earn in taxable years 2020 and 2021 without reductions to their Old-Age, Survivors, and Disability Insurance (OASDI) benefits.

Under current law, these individuals are subject to the retirement earnings test, which reduces their OASDI benefits if their earnings exceed an annual limit. This limit is set at $18,240 for 2020 and $18,960 for 2021 for most individuals. However, the limit for individuals who reach full retirement age in 2020 or 2021 is $48,600 or $50,520, respectively.

This bill increases the applicable income limits to equal the amount of the contribution and benefit base. The contribution and benefit base serves as a cap on both the amount of earnings subject to the Social Security payroll tax and the amount of earnings used to calculate benefits. It is set at $137,700 for 2020 and $142,800 for 2021.