You Earned It, You Keep It Act
In committee: it can still change before the session ends.
- Stage
- In committee
- Started in
- House
- Sponsors
- 15
- Latest action
- Apr 14, 2025
What it does
The You Earned It, You Keep It Act would amend the Internal Revenue Code to repeal the inclusion of Social Security benefits in gross income for tax purposes, meaning recipients would no longer pay federal income tax on those benefits. It would also eliminate the wage cap for Social Security payroll taxes, requiring all wages and self-employment income—regardless of amount—to be subject to the tax, while ensuring Social Security trust funds are held harmless through appropriations to offset lost revenue. The bill applies to individuals receiving Social Security benefits, workers earning wages, and self-employed individuals, with changes taking effect after 2025.
No official summary is available here. This one was written by AI from the bill’s text.
Where it stands
Introduced (Done)
Committee (Current step)
Floor (Not started)
Law (Not started)
What moved
Who is involved
Sponsors
The lawmakers who put their names on it, lead sponsors first.
In the news
Reporting that may mention this subject. Possible matches are labeled.
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Where it goes next
While a bill can still move, the questions are about people and money.