Published • loading... • Updated
Social Security Taxes to Change Under New Bill
The bipartisan bill aims to exclude retroactive Social Security benefits from gross income, preventing unexpected tax bills for public-sector retirees receiving lump-sum payments.
Summary by Newsweek
3 Articles
3 Articles
Fox BusinessReposted by 
The New York Ledger
The New York LedgerRestored Social Security benefits could get tax break under new bill
A newly introduced bill would prevent some public sector retirees from being hit with a tax bill after they were made eligible for Social Security benefits last year.The bipartisan bill, known as the No Tax on Restored Benefits Act, was introduced by Rep. Lance Gooden, R-Texas, and would create a gross income tax exclusion for the retroactive, lump sum payments of Social Security benefits paid to certain public sector retirees on pensions who pr…
·United States
Read Full ArticleCoverage Details
Total News Sources3
Leaning Left0Leaning Right1Center1Last UpdatedBias Distribution50% Center, 50% Right
Bias Distribution
- 50% of the sources are Center, 50% of the sources lean Right
50% Right
C 50%
R 50%
Factuality
To view factuality data please Upgrade to Premium
