BILL REINTRODUCED TO ELIMINATE INCOME TAX ON SOCIAL SECURITY BENEFITS (MFR) Congressman Thomas Massie (R-KY) reintroduced legislation last week that would eliminate income taxes on Social Security benefits. According to a press statement from Massie, if passed, the Senior Citizens Tax Elimination Act (HR 1040) will amend the Internal Revenue Code of 1986 to terminate the inclusion of tier I railroad retirement benefits and Social Security benefits in an individual’s gross income. “As this legislation takes effect, seniors will notice their tax liability is significantly reduced and will no longer deal with the ‘double tax’ on their federally earned benefits,” Massie said. Full article: https://www.myfederalretirement.com/hr-1040-social-security/