The summary of HR 2552 is as follows:

This bill amends the Internal Revenue Code to repeal the inclusion of any Social Security or tier I railroad retirement benefits in gross income for income tax purposes.

The bill also: (1) appropriates funds to cover reductions in transfers to the Social Security and Railroad Retirement Trust Funds resulting from the enactment of this bill, and (2) expresses the sense of Congress against using tax increases to provide revenue necessary to carry out this bill.


See legislative summary and status at: H.R.2552 – 115th Congress (2017-2018): Senior Citizens Tax Elimination Act | | Library of Congress

Posted by Lewis J. Saret, Co-General Editor, Wealth Strategies Journal.