Bills · HR 559
IN COMMITTEE· 119TH CONGRESS
House BillHR 559Taxation
Seniors in the Workforce Tax Relief Act
INTRO JAN 20· LAST ACTION JAN 20
READING
2MIN
COSPONSORS
0
READER REACTIONS0 TOTAL
NO VOTES YET · BE THE FIRST
- Introduced only
LEGISLATIVE PROGRESS
STEP 2 / 8Introduced
In Committee
Reported
Passed House
Passed Senate
Conference
To President
Became Law
WHAT THE BILL DOES
AI-writtenThis bill matters because it could provide significant tax relief to many older Americans, potentially freeing up more of their income for living expenses, savings, or other needs. By making it an "above-the-line" deduction, it simplifies tax filing for many seniors who might not itemize, and ensures that a broader range of older workers can benefit. If this bill becomes law, seniors who continue to work could see a direct financial benefit, which might encourage more healthy seniors to stay in the workforce longer. If it doesn't pass, these seniors will not receive this additional tax reduction, and their taxable income would remain higher.
KEY PROVISIONS
4AI-extractedPROVISION 01
Establishes a new, temporary above-the-line tax deduction for individuals aged 65 and older.
This creates a direct tax benefit for working seniors, reducing their taxable income regardless of whether they itemize other deductions.
PROVISION 02
Sets the maximum deduction at $25,000 for single filers and $50,000 for joint filers or surviving spouses.
These amounts define the potential financial relief available to eligible older taxpayers.
PROVISION 03
Includes income phase-out rules, where the deduction is reduced for single filers with AGI over $100,000 (disappearing at $125,000) and for joint filers with AGI over $200,000 (disappearing at $250,000).
This means the deduction primarily benefits middle-to-upper-middle income seniors, not the highest earners.
PROVISION 04
Specifies that the deduction applies to tax years beginning after December 31, 2024, and terminates for tax years beginning after December 31, 2029.
This makes the tax relief a temporary measure with a defined start and end date.
SPONSORSHIP
1 + 0
R· Nebraska
YRS IN OFFICE
9
BILLS LED
51
ACTION TIMELINE
2 EVENTSJAN 20
Introduced in House
JAN 20
Referred to the House Committee on Ways and Means.
BILL INFO
TypeHouse Bill
NumberHR 559
Congress119th
StatusIn Committee
IntroducedJan 20, 2025
Last actionJan 20, 2025
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IN COMMITTEE· 119TH CONGRESS · WAYS AND MEANS COMMITTEE · INTRODUCED JAN 20, 2025
House BillHR 559Taxation
Seniors in the Workforce Tax Relief Act
INTRODUCED JAN 20, 2025· LAST ACTION JAN 20, 2025
PASSAGE CHANCES
—%
READING
2 min
COSPONSORS
0
COMPLEXITY
Moderate
