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.

This bill proposes to automatically increase the income thresholds used to determine how much of Social Security benefits are subject to federal income tax. Starting in 2027, the specific dollar limits would be adjusted annually based on the official cost-of-living adjustment, with any resulting amounts rounded up to the nearest hundred dollars. The change directly affects retirees and other individuals who receive Social Security payments, ensuring that the income levels triggering taxes on those benefits keep pace with inflation. By updating these thresholds, the legislation aims to prevent the taxable portion of benefits from growing disproportionately as prices rise over time.