No Tax on Restored Benefits Act excludes certain Social Security benefits from gross income.

The No Tax on Restored Benefits Act amends the Internal Revenue Code to exclude from gross income certain benefits attributable to the Social Security Fairness Act of 2023. This exclusion applies to benefits paid to individuals for months beginning after December 31, 2024, and ending before January 1, 2026. The bill aims to ensure that these specific benefits are not subject to federal income tax.

No Tax on Restored Benefits Act excludes certain Social Security benefits from gross income.

The No Tax on Restored Benefits Act amends the Internal Revenue Code to exclude from gross income certain benefits attributable to the Social Security Fairness Act of 2023. This exclusion applies to benefits paid to individuals for months beginning after December 31, 2024, and ending before January 1, 2026. The bill aims to ensure that these specific benefits are not subject to federal income tax.