Plain English Breakdown
The bill summary and digest do not provide specific details on the exact impact or partial deductions for incomes above the new limits.
Increasing Income Limits for Social Security Deduction
This act raises the income limits needed to fully deduct Social Security benefits from state taxes.
What This Bill Does
- Raises the income limit for unmarried individuals and those filing separately to less than $100,000.
- Increases the income limit for heads of households and married couples filing jointly to less than $150,000.
Who It Names or Affects
- People who receive Social Security benefits
- Individuals and families with incomes up to the new limits
Terms To Know
- Social Security benefits deduction
- A reduction in state income tax based on received Social Security benefits.
- Personal income tax
- Tax paid by individuals based on their earnings and other income sources.
Limits and Unknowns
- The exact impact of the changes is not detailed in the summary.
- It does not specify if there are partial deductions for incomes above these limits.