Bill SponsorBILLSPONSOR
Bill Sponsor
Politicians
Bills
House Bill 1601
117th Congress(2021-2022)
Pandemic Relief for Working Seniors Act of 2021
Introduced
Introduced
Introduced in House on Mar 3, 2021
Overview
Text
Introduced
Mar 3, 2021
Latest Action
Mar 3, 2021
Origin Chamber
House
Type
Bill
Bill
The primary form of legislative measure used to propose law. Depending on the chamber of origin, bills begin with a designation of either H.R. or S. Joint resolution is another form of legislative measure used to propose law.
Bill Number
1601
Congress
117
Policy Area
Social Welfare
Social Welfare
Primary focus of measure is public assistance and Social Security programs; social services matters, including community service, volunteer, and charitable activities. Measures concerning such health programs as Medicare and Medicaid may fall under Health policy area.
Sponsorship by Party
Republican
Jackie Walorski
Indiana
Republican
David Schweikert
Arizona
House Votes (0)
Senate Votes (0)
No House votes have been held for this bill.
Summary

Pandemic Relief for Working Seniors Act of 2021

This bill increases the amount of income that individuals who are younger than full retirement age may earn in taxable years 2020 and 2021 without reductions to their Old-Age, Survivors, and Disability Insurance (OASDI) benefits.

Under current law, these individuals are subject to the retirement earnings test, which reduces their OASDI benefits if their earnings exceed an annual limit. This limit is set at $18,240 for 2020 and $18,960 for 2021 for most individuals. However, the limit for individuals who reach full retirement age in 2020 or 2021 is $48,600 or $50,520, respectively.

This bill increases the applicable income limits to equal the amount of the contribution and benefit base. The contribution and benefit base serves as a cap on both the amount of earnings subject to the Social Security payroll tax and the amount of earnings used to calculate benefits. It is set at $137,700 for 2020 and $142,800 for 2021.

Text (1)
Introduced in House
March 3, 2021
Actions (2)
03/03/2021
Referred to the House Committee on Ways and Means.
03/03/2021
Introduced in House
Public Record
Record Updated
Jan 11, 2023 1:48:26 PM
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