A bill to amend the Internal Revenue Code of 1986 to apply inflation adjustments to the additional hospital insurance tax on high income taxpayers.

This bill would change the income levels at which the extra 0.9% Medicare (hospital insurance) tax applies to wages and self-employment income. Starting with years after 2026, certain of those income thresholds would rise each year with inflation, using 2025 as the base year. Adjusted amounts would be rounded up to the next $1,000. The change would apply to both employment taxes and self-employment taxes.

Full text and official record on Congress.gov

Sponsors

• John Kennedy Republican sponsor
• 0 cosponsors