New Bill Would Remove Taxes From Social Security Benefits

A new bill, introduced in the Senate in August 2022 as the “You Earned It, You Keep It Act,” would change current law to make it so Social Security benefits are no longer taxable. This would not only help recipients of Social Security retirement benefits, but also people who receive Social Security Disability Insurance (SSDI) benefits. This would not only allow people to keep more benefits instead of paying them in taxes, it could also help to extend the solvency of the program itself.

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