No Tax on Restored Benefits Act

This bill, known as the "No Tax on Restored Benefits Act," proposes an amendment to the Internal Revenue Code of 1986 to exclude certain Social Security benefits from an individual's gross income . Specifically, it targets monthly insurance benefits received under Title II of the Social Security Act that are attributable to amendments made by the Social Security Fairness Act of 2023. This means any benefits restored or increased by that prior act would not be subject to federal income tax. The exclusion is time-limited, applying only to benefits paid for months beginning after December 31, 2024, and ending before January 1, 2026. This effectively provides a federal income tax exemption for these specific restored benefits received during the 2025 calendar year.