A bill to amend the Internal Revenue Code of 1954 to provide a refundable credit against income tax for social security taxes paid by an individual who has attained age 62 but not age 68.
Credit for Older Workers Act - Amends the Internal Revenue Code to provide a refundable tax credit for social security taxes paid by an individual who has attained age 62 but not age 68. Defines "social security taxes" as those taxes imposed: (1) on wages of employees under the Federal Insurance Contributions Act; and (2) on self-employment income under the Self-Employment Contributions Act.
Introduced in House
Introduced in House
Referred to House Committee on Ways and Means.
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