Proposed Provision: H4. Increase the threshold for taxation of OASDI benefits to $50,000 for single filers and $100,000 for joint filers starting in 2025. Taxation of benefits revenues transferred to the Hospital Insurance (HI) Trust Fund would be the same as if the current-law computation applied.

OASDI Trust Fund Ratio
(assets as a percentage of annual expenditures)

Year Current Law Provision
2023204204
2024187187
2025168168
2026149148
2027131129
2028114109
20299690
20307872
20316053
20324334
20332515
20347-5
2035-12-25
2036-31-45
2037-51-66
2038-70-87
2039-91-108
2040-112-130
2041-133-153
2042-154-175
2043-176-198
2044-198-221
2045-220-244
2046-243-267
2047-265-291
2048-288-314
2049-311-338
2050-333-361
2051-357-385
2052-380-409
2053-403-433
2054-427-457
2055-450-481
2056-474-506
2057-498-530
2058-522-555
2059-547-580
2060-572-605
2061-597-631
2062-623-658
2063-650-685
2064-677-713
2065-705-741
2066-733-770
2067-762-799
2068-791-828
2069-820-858
2070-850-888
2071-880-919
2072-911-950
2073-942-981
2074-974-1013
2075-1006-1046
2076-1039-1080
2077-1074-1114
2078-1108-1149
2079-1144-1186
2080-1181-1223
2081-1218-1261
2082-1256-1299
2083-1294-1338
2084-1333-1377
2085-1373-1417
2086-1413-1458
2087-1453-1499
2088-1494-1540
2089-1534-1580
2090-1574-1621
2091-1613-1660
2092-1651-1699
2093-1689-1738
2094-1726-1775
2095-1762-1812
2096-1798-1848
2097-1833-1884
2098-1868-1919
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