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United States · Bill · HR

H.R. 1783 (118th)

Senior Independence Act of 2023

referredUnited States· United States Congress· EN

Introduced

24 March 2023

Last action

Status

Referred to the Subcommittee on Work and Welfare.

Sponsors

Subjects

Discovery layer

Source updated

21 December 2024

Summary

Senior Independence Act of 2023 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.

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Documents

3 official files

Introduced in House (text)

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