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S. 5084 (119th Congress)Committee
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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.

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Summary

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Based on the bill's title, this legislation would amend the Internal Revenue Code to apply inflation adjustments to the base amounts used to determine how much of a person's Social Security benefits are subject to federal income taxation. Currently, these thresholds are fixed; the bill would index them to inflation, potentially reducing the tax burden on Social Security recipients over time as inflation occurs.

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