[2023-08-10] No More Taxes on Social Security [Bill In Congress to Eliminate Double Taxation]

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No More Taxes on Social Security [Bill In Congress to Eliminate Double Taxation]

Thursday, August 10, 2023

In this video, we’re breaking down what’s in the Senior Citizens Tax Elimination Act that’s been reintroduced and how it would eliminate the unfair double taxation on Social Security benefits.

https://www.youtube.com/watch?v=QTR3fCqGoW4

Link to Bill:
https://massie.house.gov/news/documentsingle.aspx?DocumentID=395548

Representative Thomas Massie has reintroduced the Senior Citizens Tax Elimination Act (H.R. 3206), aiming to eliminate the unfair double taxation on Social Security benefits.

The bill addresses the fact that although seniors have already paid taxes on their Social Security contributions through payroll tax, they are still required to declare these benefits as taxable income on their tax returns.

This is being REINTRODUCED!

Massie's bill seeks to exempt Social Security retirement benefits from taxation, providing relief for seniors who have already contributed to the system.

The bill has gained support from other representatives who recognize the need to alleviate the financial burden on seniors.

The legislation, known as the Senior Citizens Tax Elimination Act, proposes amending the Internal Revenue Code of 1986 to remove the inclusion of tier I railroad retirement benefits and Social Security benefits from an individual's gross income.

This change would significantly reduce seniors' tax liabilities, eliminating the double taxation on their federally earned benefits.

If you're passionate about supporting the passage of the Senior Citizens Tax Elimination Act and want to help ensure its success, reach out to your elected representatives, both in the House of Representatives and the Senate, and express your support for the bill.

Spread Awareness: Share information about the bill on social media platforms, (including this video) among your friends, family, and community. Use your voice to educate others about the unfair double taxation on Social Security benefits and the positive impact this bill could have.

#socialsecurity #socialsecuritybenefits #socialsecuritytaxes #socialsecurityincrease

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