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HR 2266119th CongressIntroduced
RETIREES FIRST Act
Introduced: Oct 29, 2025
Economy & TaxesSocial Services
Standard Summary
Comprehensive overview in 1-2 paragraphs
The RETIREES FIRST Act increases income thresholds for taxing Social Security benefits from $25,000/$32,000 to $34,000/$68,000 for individuals and joint filers, implements annual inflation adjustments starting in 2026, and rescinds non-security discretionary appropriations to fund the tax relief while protecting Social Security trust funds through mandatory appropriations.
Key Points
- 1Raises base amounts for Social Security benefit taxation to $34,000 for individuals and $68,000 for joint filers, significantly higher than current $25,000/$32,000 thresholds to reduce tax burdens on retirees.
- 2Introduces automatic inflation adjustments starting in 2026 using the 2024 cost-of-living index to prevent future bracket creep for fixed-income seniors.
- 3Rescinds non-security discretionary appropriations annually to offset revenue losses while mandating Treasury appropriations to hold Social Security trust funds harmless from funding shortfalls.
Impact Areas
Middle-income retirees receiving Social Security benefitsSocial Security Old-Age and Survivors Insurance trust fundsNon-defense discretionary federal programs facing budget rescissions
Generated by LegislativeAnalysisAI/v3.1 on Nov 4, 2025