What is the current status of S 458?

S 458 is currently: Introduced.

S 458 was sponsored by Tommy Tuberville (R), Sen.

Exempts Social Security from Taxes

IntroducedN/A

Introduced1 year ago

Intro

Senate

House

Pres

Read twice and referred to the Committee on Finance.

Taxation

Why This Matters

This bill eliminates taxes on Social Security benefits, meaning seniors will no longer have to pay taxes on this income.

If you receive Social Security, you will no longer pay taxes on your benefits starting in 2025.

Who this affects

senior citizens · Social Security beneficiaries

What changes is this bill making?

1This bill removes Social Security benefits from taxable income, allowing seniors to keep more of their money.
2It ensures that Social Security Trust Funds will not lose funding due to this tax change.
3Congress will not raise taxes to cover any potential revenue loss from this bill.
4Seniors and retirees will benefit the most from this tax exemption.

Last changed 25 days ago · checked hourly