A bill to amend the Internal Revenue Code of 1954 to allow an individual a credit against income tax for any taxable year during a limited period of years after the individual attains age 65 if the individual is eligible to retire on social security, but does not retire, during such year.

[AI summary unavailable — showing source text] Amends the Internal Revenue Code to allow a nonrefundable income tax credit for delaying social security retirement past age 65. Limits the amount of such credit to $1,000 for retirement at age 66, $1,500 for retirement at age 67, and $2,000 for retirement at age 68 or older.…