HR 6554
To increase the exempt amount applicable for the retirement earnings test for months in 2020, and for other purposes.
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- Passed House
- Passed Senate
- To President
- Became Law
Bill overview
This bill temporarily adjusts the Social Security retirement earnings test for the year 2020. It increases the amount of income individuals under full retirement age can earn without having their Social Security benefits reduced. Specifically, the exempt amount is set to the contribution and benefit base for 2020, which is $137,700. This change is intended to provide relief to workers who may have earned more than usual during that year.
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Primary sponsor
Jackie Walorski
Cosponsor
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