A bill to amend the Internal Revenue Code of 1986 to apply inflation adjustments to the base amount and adjusted base amount for purposes of determining taxable social security benefits.

Summary

The bill changes the Internal Revenue Code so that the base amount and adjusted base amount used to decide if Social Security benefits are taxable are updated each year for inflation. This affects retirees and other benefit recipients whose income may become taxable as the thresholds rise with the cost of living.

AI-generated summary — may be incomplete or inaccurate. Verify against the official bill text.

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