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No More Earnings Limits for Social Security and Railroad Retirement Beneficiaries

This bill eliminates the earnings limits for individuals receiving Social Security and Railroad Retirement benefits. This means retirees can work and earn any amount without having their benefits reduced. The changes will apply to tax years ending after December 31, 2023.
Key points
Social Security beneficiaries can earn unlimited income without losing benefits.
Similar earnings limits are removed for those under the Railroad Retirement Program.
The act aims to increase work freedom for seniors and improve their financial well-being.
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Additional Information
Print number: 118_HR_5193
Sponsor: Rep. Murphy, Gregory F. [R-NC-3]
Process start date: 2023-08-11