Social Security Tax

Cat Walker

Cat Walker

How about looking at the two bills that have been in the house since 2015 concerning taxes on Social Security. They are H.R. 1391, the Social Security 2100 Act, would raise these thresholds to $50,000 and $100,000 for single and joint filers, respectively. This bill is a Democratic bill with over 100 supporters. H.R. 589, the Senior Citizens Tax Elimination Act, would make all Social Security benefits non-taxable. This is a Republican sponsored bill with several supporters. Both bills were referred to the House Committee on Ways and Means, while H.R. 1391 was also referred to the Committee on Education and the Workforce. When are seniors going to be recognized and this archaic law changed. The current income limit for a married couple is $32,000 which was set in 1980’s. Under this law because my husband and I receive Social Security and retirement from working all of our lives, we pay tax on 85% of our Social Security.

Share this
5
5