Tax Relief Unleashed for Seniors by Trump Act

[AI summary unavailable — showing source text] [Congressional Bills 119th Congress] [From the U.S. Government Publishing Office] [H.R. 1129 Introduced in House (IH)] <DOC> 119th CONGRESS 1st Session 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 February 7, 2025 Ms. Malliotakis introduced 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 Representatives of the United States of America in Congress assembled, SECTION 1. SHORT TITLE. This Act may be cited as the ``Tax Relief Unleashed for Seniors by Trump Act''. SEC. 2. INCREASE IN EXCLUSION FROM GROSS INCOME OF SOCIAL SECURITY BENEFITS. (a) In General.--Section 86(c) of the Internal Revenue Code of 1986 is amended-- (1) by striking ``$25,000'' in paragraph (1)(A) and inserting ``$50,000'', (2) by striking ``$32,000'' in paragraph (1)(B) a…