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H.R. 6554

BillFederalHouseIn Committee
To increase the exempt amount applicable for the retirement earnings test for months in 2020, and for other purposes.
About This Bill
Committee
Latest Action · April 17, 2020
Referred to the House Committee on Ways and Means.
Congress
116th (2019–2021)
Introduced
April 17, 2020
Cosponsors (1)
0D 1R
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Summary

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This bill temporarily increases the income limit for individuals who are younger than full retirement age to receive Old-Age, Survivors, and Disability Insurance benefits without reductions. Specifically, the bill increases the limit on income earned during 2020 to the contribution and benefit base (i.e., the maximum amount subject to the Social Security payroll tax, set at $137,700 for 2020).

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