HR 559 · in committee · significant
Seniors in the Workforce Tax Relief Act
- taxes
What this bill does
- Creates a $25,000 federal tax deduction for people age 65 and older through 2029.
- Applies to seniors who are still working and filing taxes.
- Phases out for higher earners over $100,000 in adjusted gross income.
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Community Threads
Started by Cosponsor
- 01
How might a $25,000 tax deduction for working seniors affect retirement timing decisions for people age 65 and older?
- 02
What is the estimated cost to federal revenue from this deduction, and how does that compare to other workforce participation incentives?
- 03
Why does the deduction phase out for seniors earning over $100,000, and who would benefit most from this income threshold?
Cosponsor writes these to seed civic discussion — they aren't user posts. Sign in to reply.
Sponsor · R-NE-2
Don Bacon
Citizen cosponsors
0
In Congress
0/ 435
House Reps cosponsoring
Introduced 2025-01-20
Legislative timeline
2025-01-20 · house · IntroReferral
Referred to the House Committee on Ways and Means.
2025-01-20 · IntroReferral
Introduced in House
2025-01-20 · IntroReferral
Introduced in House
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