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Easier Tax Treatment for Lump-Sum Social Security Benefits

This act aims to simplify the tax treatment of lump-sum Social Security benefit payments that cover periods prior to the current tax year. A portion of such payments will not be included in household income, potentially reducing taxes or increasing eligibility for certain benefits. These changes could impact the personal finances of citizens receiving these benefits.
Key points
A portion of lump-sum Social Security benefits attributable to prior periods will be excluded from household income.
Taxpayers can choose whether to apply this exclusion or include the full amount in their income.
The changes apply to tax years beginning after December 31, 2013, allowing for potential refunds of overpaid taxes.
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Additional Information
Print number: 118_HR_4348
Sponsor: Rep. Neguse, Joe [D-CO-2]
Process start date: 2023-06-23
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Summarized by: gemini-2.5-flash-preview-05-20
Source data: api.congress.gov
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OFFICIAL LEGAL TITLE

Fairness in Social Security Act of 2023

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 118_HR_4348.

Which chamber initiated this legislation?

This legislation was initiated in the House of Representatives.

When did the legislative process begin?

The process officially started on 2023-06-23.

What are the main provisions?

Key points include:

  • A portion of lump-sum Social Security benefits attributable to prior periods will be excluded from household income.
  • Taxpayers can choose whether to apply this exclusion or include the full amount in their income.
  • The changes apply to tax years beginning after December 31, 2013, allowing for potential refunds of overpaid taxes.
What is the specific legal status?

The current status is Expired.

Where can I read the full text of this legislation?

The full official text is available at: View full text

Who is the primary sponsor?

The primary sponsor is Rep. Neguse, Joe [D-CO-2].

What is the latest detailed status?

The latest detailed status is: Referred to the Subcommittee on Social Security.

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-25.

CATEGORIES

Taxes Benefits