This bill adjusts the rules for child insurance benefits, making it harder for some older children to qualify based on their parent's income. It aims to focus benefits on families with lower earnings.
This bill implements a means test for certain elementary and secondary school students aged 18 or older to collect Social Security child’s benefits. Specifically, a child beneficiary aged 18 years or older may not be eligible for Social Security child’s benefits based on their status as a full-time elementary or secondary school student if the individual on whose wages and income the benefit is based (e. g., the child’s parent or guardian) (1) is entitled to Social Security benefits, (2) is 67 years of age or older, and (3) has more than $125,000 of annual earnings for the taxable year.
