H.R. 4348 · 118th Congress
Fairness in Social Security Act of 2023
- Stage
- In committee
- Sponsor
- Joe Neguse
- Introduced
- 2023-06-23
- Latest action
- 2024-12-17 · Referred to the Subcommittee on Social Security.
Summary
Fairness in Social Security Act of 2023
This bill excludes from modified adjusted gross income, for income tax purposes, any lump-sum social security benefit payment (i.e., a payment of more than one month of social security benefits) that is attributable to months ending before the beginning of the taxable year. It also waives any statute of limitation for credits or refunds resulting from this bill.