1. Short title This Act may be cited as the You Earned It, You Keep It Act . 2. Repeal of inclusion in gross income of Social Security benefits (a) In general Section 86 of the Internal Revenue Code of 1986 (relating to social security benefits) is amended by adding at the end the following new subsection: (g) Termination This section shall not apply to any taxable year beginning after the date of the enactment of this subsection. . (b) Social Security trust funds held harmless There are hereby appropriated (out of any money in the Treasury not otherwise appropriated) for each fiscal year to each fund under the Social Security Act (including the Federal Hospital Insurance Trust Fund) or the Railroad Retirement Act of 1974 an amount equal to the reduction in the transfers to such fund for such fiscal year by reason of section 86(g) of the Internal Revenue Code of 1986. 3. Determining wages and self-employment income above contribution and benefit base after 2024 (a) Determination of wages above contribution and benefit base after 2024 (1) Amendments to the Internal Revenue Code of 1986 (A) Repeal of present law limitation Section 3121(a) of the Internal Revenue Code of 1986 is amended by striking paragraph (1). (B) Limitation on amount of wages Section 3121 of the Internal Revenue Code of 1986 is amended by adding at the end the following: (aa) Limitation on amount of wages (1) In general In the case of any calendar year in which the contribution and benefit base (as determined under section 230 of the Social Security Act) is less than $250,000, for purposes of the taxes imposed by sections 3101(a) and 3111(a), the term wages does not include that part of the remuneration which, after remuneration equal to such contribution and benefit base with respect to employment has been paid to an individual by an employer during the calendar year with respect to which such contribution and benefit base is effective, is paid to such individual by such employer during the calendar year. The preceding sentence shall not apply