A bill to amend the Internal Revenue Code of 1986 to apply inflation adjustments to the base amount and adjusted base amount for purposes of determining taxable social security benefits.
The source supplies the latest action, but no lifecycle stage.
Latest action (22 Jul 2026): Read twice and referred to the Committee on Finance.
What this bill does
S. 5084 would amend Section 86 of the Internal Revenue Code, which governs how much of a person's Social Security benefits are counted as taxable income. Under current law, the dollar thresholds used to determine taxable Social Security benefits—known as the "base amount" and "adjusted base amount"—are fixed figures set in statute and have not been adjusted for inflation. This bill would require those thresholds, for tax years beginning after 2026, to be increased annually based on a cost-of-living adjustment calculated using 2025 as the reference year, with resulting figures rounded up to the nearest $100.
The change would affect Social Security beneficiaries whose income is evaluated against these thresholds to determine how much of their benefits are subject to federal income tax. Because the thresholds have historically remained unchanged, adjusting them for inflation could affect the amount of Social Security income treated as taxable for some recipients in future years, depending on their income levels.
The bill was introduced in the Senate on July 22, 2026, by Senator John Kennedy of Louisiana and has been referred to the Senate Committee on Finance. It has not yet been voted on, and no further action has occurred beyond this referral.
Plain-English summary generated by Bill100 AI from the official record. Always verify against the source below.
Timeline
22 Jul 2026
Read twice and referred to the Committee on Finance.
Common questions
- What does S. 5084 do?
- S. 5084 would amend Section 86 of the Internal Revenue Code, which governs how much of a person's Social Security benefits are counted as taxable income. Under current law, the dollar thresholds used to determine taxable Social Security benefits—known as the "base amount" and "adjusted base amount"—are fixed figures set in statute and have not been adjusted for inflation. This bill would require those thresholds, for tax years beginning after 2026, to be increased annually based on a cost-of-living adjustment calculated using 2025 as the reference year, with resulting figures rounded up to the nearest $100. The change would affect Social Security beneficiaries whose income is evaluated against these thresholds to determine how much of their benefits are subject to federal income tax. Because the thresholds have historically remained unchanged, adjusting them for inflation could affect the amount of Social Security income treated as taxable for some recipients in future years, depending on their income levels. The bill was introduced in the Senate on July 22, 2026, by Senator John Kennedy of Louisiana and has been referred to the Senate Committee on Finance. It has not yet been voted on, and no further action has occurred beyond this referral.
- Has S. 5084 become law?
- The source does not supply a confirmed lifecycle stage for S. 5084. Check the latest action and official source below.
- Who sponsored S. 5084?
- S. 5084 was sponsored by Sen. Kennedy, John [R-LA] (R-LA), with 0 cosponsors.
- What's the latest action on S. 5084?
- Read twice and referred to the Committee on Finance. (22 Jul 2026).
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A bill to amend the Internal Revenue Code of 1986 to apply inflation adjustments to the additional hospital insurance tax on high income taxpayers.
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