Tax Model Analysis Taxation of Social Security Benefits (August 2024)

Description

Tables show the change in federal tax revenue and burden, from excluding Social Security benefits from gross income. Distributional results are shown for calendar year 2025 and revenue estimates are shown for fiscal years 2025-34.

Simulation Run August 1, 2024
  • T24-0046 – Exclude Social Security Benefits from Gross Income, Impact on Tax Revenue 2025-34 Fiscal Years
  • T24-0047 – Exclude Social Security Benefits from Gross Income, by ECI Level, 2025
  • Simulation Run August 1, 2024
  • T24-0048 – Exclude Social Security Benefits from Gross Income, by ECI Percentile, 2025