HR 6554 · 116th Congress · Social Welfare
To increase the exempt amount applicable for the retirement earnings test for months in 2020, and for other purposes.
Bill Progress
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Introduced2
Committee3
House Vote4
Senate5
EnactedLatest: Referred to the House Committee on Ways and Means.(2020-04-17)
Plain Language 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).…
Summarized by Claude AI · Non-partisan · For informational purposes only