RETIREES FIRST Act

[AI summary unavailable — showing source text] [Congressional Bills 119th Congress] [From the U.S. Government Publishing Office] [S. 358 Introduced in Senate (IS)] <DOC> 119th CONGRESS 1st Session S. 358 To amend the Internal Revenue Code of 1986 to increase the threshold amounts for inclusion of Social Security benefits in income. _______________________________________________________________________ IN THE SENATE OF THE UNITED STATES February 3, 2025 Mrs. Blackburn (for herself and Mr. Marshall) introduced the following bill; which was read twice and referred to the Committee on Finance _______________________________________________________________________ A BILL To amend the Internal Revenue Code of 1986 to increase the threshold amounts for inclusion of Social Security benefits in income. 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 ``Reducing Excessive Taxation and Inefficiencies by Reforming Elder Exemptions to Support Fairness, Inflation Relief, and Simpler Taxes Act'' or the ``RETIREES FIRST Act''. SEC. 2. INCREASE IN THRESHOLD AMOUNTS FOR INCLUSION OF SOCIAL SECURITY BENEFITS IN INCOME. (a) In…