118th Congress · HOUSE BILLBILL

H.R. 4348 — Fairness in Social Security Act of 2023

“To amend the Internal Revenue Code of 1986 to exclude the portion of a lump-sum social security benefit payment that relates to periods prior to the taxable year from the determination of household income.”

Taxation

Introduced Jun 23, 2023

Last action Dec 17, 2024

Pipeline · Bill → Law

Step 1

Introduced

Jun 23, 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 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.

Provisions · 2 sectionsIntroduced in House

Timeline · 3 actions

Dec 17, 2024

Referred to the Subcommittee on Social Security.

Jun 23, 2023

Introduced in House

Jun 23, 2023

Referred to the House Committee on Ways and Means.