I
119THCONGRESS
1
STSESSION H. R. 1129
To amend the Internal Revenue Code of 1986 to increase the exclusion
from gross income of social security benefits.
IN THE HOUSE OF REPRESENTATIVES
FEBRUARY7, 2025
Ms. M
ALLIOTAKISintroduced the following bill; which was referred to the
Committee on Ways and Means
A BILL
To amend the Internal Revenue Code of 1986 to increase
the exclusion from gross income of social security benefits.
Be it enacted by the Senate and House of Representa-1
tives of the United States of America in Congress assembled, 2
SECTION 1. SHORT TITLE. 3
This Act may be cited as the ‘‘Tax Relief Unleashed 4
for Seniors by Trump Act’’. 5
SEC. 2. INCREASE IN EXCLUSION FROM GROSS INCOME OF 6
SOCIAL SECURITY BENEFITS. 7
(a) I
NGENERAL.—Section 86(c) of the Internal Rev-8
enue Code of 1986 is amended— 9
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(1) by striking ‘‘$25,000’’ in paragraph (1)(A) 1
and inserting ‘‘$50,000’’, 2
(2) by striking ‘‘$32,000’’ in paragraph (1)(B) 3
and inserting ‘‘$64,000’’, 4
(3) by striking ‘‘$34,000’’ in paragraph (2)(A) 5
and inserting ‘‘$59,000’’, and 6
(4) by striking ‘‘$44,000’’ in paragraph (2)(B) 7
and inserting ‘‘$76,000’’. 8
(b) I
NFLATIONADJUSTMENT.—Section 86(c) of such 9
Code is amended by adding at the end the following new 10
paragraph: 11
‘‘(3) I
NFLATION ADJUSTMENT .— 12
‘‘(A) I
N GENERAL.—In the case of any 13
taxable year beginning after December 31, 14
2026, the dollar amounts in paragraphs (1)(A), 15
(1)(B), (2)(A), and (2)(B) shall each be in-16
creased by an amount equal to— 17
‘‘(i) such dollar amount, multiplied by 18
‘‘(ii) the cost-of-living adjustment de-19
termined under section 1(f)(3) for the cal-20
endar year in which the taxable year be-21
gins by substituting ‘calendar year 2025’ 22
for ‘calendar year 2016’ in subparagraph 23
(A)(ii) thereof. 24
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‘‘(B) ROUNDING.—If any increase deter-1
mined under subparagraph (A) is not a multiple 2
of $100, such increase shall be rounded to near-3
est multiple of $100.’’. 4
(c) E
FFECTIVEDATE.—The amendments made by 5
this section shall apply to taxable years beginning after 6
December 31, 2025. 7
Æ
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