HOUSE 1161117th CongressReferred to the House Committee on Ways and Means.
Fairness in Social Security Act of 2021
- Last Action
- 2/18/2021
Actions
- 2021-02-18Referred to the House Committee on Ways and Means.
- 2021-02-18Referred to the Subcommittee on Social Security.
- 2021-02-18Introduced in House
- 2021-02-18Introduced in House
CRS Summary
As of 2021-02-18 (00)
Fairness in Social Security Act of 2021
This bill excludes from modified adjusted gross income, for income tax purposes, any lump-sum social security benefit payment (i.e., a payment of more than one month of social security benefits) that is attributable to months ending before the beginning of the taxable year. It also waives any statute of limitation for credits or refunds resulting from this bill.
Subjects
- Income tax credits
- Income tax rates
- Social security and elderly assistance
- Tax administration and collection, taxpayers
- Wages and earnings
Sourced from Congress.gov (public domain).
This is legal information, not legal advice. Laws vary by jurisdiction and change frequently. Always verify current law with official sources and consult a licensed attorney in your jurisdiction for advice on your specific situation.