No Tax on Restored Benefits Act

This bill amends the tax code to exclude specific Social Security benefits from taxable income. It directly affects individuals receiving Social Security benefits that were previously subject to taxation due to certain pension rules (like the Windfall Elimination Provision), but are restored under the Social Security Fairness Act of 2023. The exclusion applies only to payments attributable to those restored benefits for months between January 2025 and December 2026. This changes the tax treatment of a defined subset of Social Security payments during a specific two-year period.