Senior Independence Act of 2023
- Last Action
- 12/17/2024
Actions
- 2024-12-17Referred to the Subcommittee on Work and Welfare.
- 2023-03-24Referred to the House Committee on Ways and Means.
- 2023-03-24Introduced in House
- 2023-03-24Introduced in House
CRS Summary
As of 2023-03-24 (00)
Senior Independence Act of 2023
This bill increases the amount of income that individuals who are younger than their full retirement age may earn without incurring a reduction in their Social Security retirement benefits.
Under current law, retirement benefits are reduced for beneficiaries who are younger than their full retirement age (generally 66-67, depending on year of birth) if their earnings exceed an annual limit. This bill increases the limit ($21,240 in calendar year 2023) to $30,000. Under current law, this limit is adjusted annually for wage inflation.
Cosponsors (2)
- Paul Gosar (R-AZ)
- Bill Posey (R-FL)
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.