H.R. 1129, the Tax Relief Unleashed for Seniors by Trump Act, would increase the amount of Social Security benefits that seniors can exclude from their taxable income. Currently, seniors with moderate incomes face taxes on a portion of their Social Security benefits once their income exceeds certain thresholds; this bill would roughly double those income thresholds from $25,000–$44,000 to $50,000–$76,000, depending on filing status. This change would primarily benefit seniors aged 65 and older who receive Social Security and have other sources of income, such as pensions or investments. The bill takes effect for tax years beginning after December 31, 2025, and includes an inflation adjustment mechanism starting in 2027 to automatically raise these thresholds annually based on cost-of-living increases. The legislation does not specify new funding requirements, as it would reduce federal tax revenue rather than require direct appropriations.
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