Could Congress Change Social Security Taxes? | S. 5084 Explained [2YCbPw3aj5h]
Could Congress change when Social Security benefits become subject to federal income taxes? In this video, we explain S. 5084, a bill introduced in the U.S. Senate that would adjust the income thresholds used to determine when Social Security benefits become taxable by indexing those thresholds to inflation. We cover: Why Social Security benefits can be taxed What S. 5084 proposes What the bill does not change The bill's current status in Congress What would need to happen before it could become law Current Status (as of publication): S. 5084 has been introduced in the Senate and referred to the Senate Finance Committee. It has not passed either chamber and has not become law. Congress Uncovered provides neutral, educational coverage of Congress, legislation, and the legislative process. Subscribe for factual congressional explainers and legislative updates. #Congress #SocialSecurity #Taxes #Senate #Legislation