Ways and Means Committee, Social Security Subcommittee
Introduced
In Committee
On Floor
Passed Chamber
Enacted
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.
Income tax creditsIncome tax ratesSocial security and elderly assistanceTax administration and collection, taxpayersWages and earnings
Fairness in Social Security Act of 2021
USA117th CongressHR-1161| House
| Updated: 2/18/2021
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.