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No More Social Security Tax, High Earners Pay More

This new law eliminates taxes on Social Security benefits, meaning retirees and beneficiaries will receive their full benefit amounts. It also changes how Social Security contributions are calculated for high-income earners, which may affect their future benefits.
Key points
Social Security benefits will no longer be taxed, increasing income for recipients.
Individuals earning over $250,000 annually will pay Social Security contributions on their entire earnings, not just up to a set limit.
Earnings above $250,000 will be included in calculating future Social Security benefits, potentially increasing pensions for high-income individuals.
Special rules are introduced for individuals working for multiple employers to ensure correct contribution calculation.
article Official text account_balance Process page
Introduced
Citizen Poll
No votes cast
Additional Information
Print number: 119_HR_2909
Sponsor: Rep. Craig, Angie [D-MN-2]
Process start date: 2025-04-14
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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

You Earned It, You Keep It Act

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 119_HR_2909.

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 2025-04-14.

What are the main provisions?

Key points include:

  • Social Security benefits will no longer be taxed, increasing income for recipients.
  • Individuals earning over $250,000 annually will pay Social Security contributions on their entire earnings, not just up to a set limit.
  • Earnings above $250,000 will be included in calculating future Social Security benefits, potentially increasing pensions for high-income individuals.
  • Special rules are introduced for individuals working for multiple employers to ensure correct contribution calculation.
What is the specific legal status?

The current status is Introduced.

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. Craig, Angie [D-MN-2].

What is the latest detailed status?

The latest detailed status is: Introduced in House

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-22.

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