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H.R. 6554

To increase the exempt amount applicable for the retirement earnings test for months in 2020, and for other purposes.

This bill temporarily increases the income limit for individuals who are younger than full retirement age to receive Old-Age, Survivors, and Disability Insurance benefits without reductions. Specifically, the bill increases the limit on income earned during 2020 to the contribution and benefit base (i.e., the maximum amount subject to the Social Security payroll tax, set at $137,700 for 2020).

Referred to the House Committee on Ways and Means.

Rep. Walorski, Jackie [R-IN-2](R-IN)Sponsor
1 cosponsor1 R
1cosponsors1committees3actions2subjects
  1. IntroReferralH11100

    Referred to the House Committee on Ways and Means.

    Ways and Means Committee
  2. IntroReferralIntro-H

    Introduced in House

  3. IntroReferral1000

    Introduced in House

To increase the exempt amount applicable for the retirement earnings test for months in 20… — Informed