A bill to amend the Internal Revenue Code of 1986 to apply inflation adjustments to the base amount and adjusted base amount for purposes of determining taxable social security benefits.

John Kennedy

Republican · LA · Senator

Source: Congress.gov · FEC

No cosponsors on record. Bills can pass without cosponsors — this often means the sponsor introduced the bill alone, either because it's a messaging bill, a chairman's mark, or simply early in the legislative cycle.

Read twice and referred to the Committee on Finance.

2026-07-22

Source: Congress.gov

The proposal would adjust the income thresholds used to determine how much of a person's Social Security benefits are taxed, based on inflation each year. Currently, these thresholds have remained fixed since 1984, meaning more retirees pay taxes on their benefits as their incomes rise over time. This change would help prevent seniors from facing higher tax bills on their Social Security income simply due to inflation.

AI-assisted summary generated from the official bill metadata (title, subjects, actions) sourced from Congress.gov. Cached and reviewed. Always verify against the official text linked below.

[Congressional Bills 119th Congress] [From the U.S. Government Publishing Office] [S. 5084 Introduced in Senate (IS)] <DOC> 119th CONGRESS 2d Session S. 5084 To amend the Internal Revenue Code of 1986 to apply inflation adjustments to the base amount and adjusted base amount for purposes of determining taxable social security benefits. _______________________________________________________________________ IN THE SENATE OF THE UNITED STATES July 22, 2026 Mr. Kennedy introduced the following bill; which was read twice and referred to the Committee on Finance _______________________________________________________________________ A BILL To amend the Internal Revenue Code of 1986 to apply inflation adjustments to the base amount and adjusted base amount for purposes of determining taxable social security benefits. Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled, SECTION 1. INFLATION ADJUSTMENT. Section 86 of the Internal Revenue Code of 1986 is amended by adding at the end the following new subsection: ``(g) Inflation Adjustments.-- ``(1) In general.--In the case of any taxable year beginning after 2026, each of the dollar amounts in paragraphs (1)(A), (1)(B), (2)(A), and (2)(B) of subsection (c) shall be increased by an amount equal to-- ``(A) such dollar amount, multiplied by ``(B) the cost-of-living adjustment determined under section (1)(f)(3) for the calendar year in which the taxable year begins, determined by substituting `calendar year 2025' for `calendar year 2016' in subparagraph (A)(ii) thereof. ``(2) Rounding.--If any amount as adjusted under paragraph (1) is not a multiple of $100, such amount shall be rounded to the next highest multiple of $100.''. <all>

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