Pipeline · Bill → Law
Step 1
Introduced
Mar 24, 2023
Step 2
Referred
Dec 17, 2024
Ways & Means
Step 3
Committee
Step 4
House floor
Step 5
Senate
Step 6
Resolve Changes
Step 7
Signed
SummaryCRS Summary
This bill increases the amount of income that individuals who are younger than their full retirement age may earn without incurring a reduction in their Social Security retirement benefits. Under current law, retirement benefits are reduced for beneficiaries who are younger than their full retirement age (generally 66-67, depending on year of birth) if their earnings exceed an annual limit. This bill increases the limit ($21,240 in calendar year 2023) to $30,000. Under current law, this limit is adjusted annually for wage inflation.
Timeline · 3 actions
Dec 17, 2024
Referred to the Subcommittee on Work and Welfare.
Mar 24, 2023
Introduced in House
Mar 24, 2023
Referred to the House Committee on Ways and Means.