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 |
| 2023 | 204 | 204 |
| 2024 | 187 | 187 |
| 2025 | 168 | 168 |
| 2026 | 149 | 148 |
| 2027 | 131 | 129 |
| 2028 | 114 | 109 |
| 2029 | 96 | 90 |
| 2030 | 78 | 72 |
| 2031 | 60 | 53 |
| 2032 | 43 | 34 |
| 2033 | 25 | 15 |
| 2034 | 7 | -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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