CONGRESS FOR VOTERS

RepublicanBill · H.R. 7361· House(119-HR-7361)

No Tax on Restored Benefits Act

Rep. Gooden
Age: 44 years
Texas
Introduced
2/4/2026
Last activity
2/4/2026 — Referred to the House Committee on Ways and Means.
Sponsored by
Lance Gooden
Cosponsors
Republican - 1Democrat - 6
Taxation
  1. Introduced
  2. In Committee

What this bill would do

This bill, known as the "No Tax on Restored Benefits Act," aims to amend the Internal Revenue Code of 1986. It specifically targets the exclusion of certain benefits from an individual's gross income. These benefits are related to the Social Security Fairness Act of 2023. The amendment applies to monthly insurance benefits under title II of the Social Security Act. The rule covers payments for months starting after December 31, 2024, and ending before January 1, 2026.

Yes· 3 of 7

  • Would retired people be better off under this?+6

    Retirees will see an increase in net income due to the tax exclusion on specific benefits.

  • Would people over 65 be better off under this?+5

    The bill provides direct financial benefits to retirees receiving Social Security.

  • Does this strengthen Social Security?+5

    The bill increases the net value of Social Security benefits by making them tax-exempt for a specific period.

The opposite

  • Does this reduce what the federal government owes?-1

    Excluding income from taxation may slightly decrease federal tax revenue.