News

What Does the New Social Security Tax Deduction Mean for Seniors Over 65?
President Trump's "big, beautiful bill" included a "senior bonus," a new temporary tax deduction for Americans over 65.
President Donald Trump's Flagship Tax and Spending Bill Is One, Big, Broken Promise for Social Security Retirees
Trump's exclusion of an oft-touted Social Security proposal will be highly unpopular but is absolutely necessary.
Does the Big Beautiful Bill eliminate taxes on Social Security? It doesn't, and here's why
One of the marquee promises of President Donald Trump's One Big Beautiful Bill Act (OBBBA) was the elimination of taxes on ...
24/7 Wall St.5h
Big Beautiful Bill Has Seniors On Track for the Largest Tax Break in U.S. History
When you are a retiree with no paycheck coming in, you often need to be careful about where your money goes. That’s why it ...
Social Security letter on taxes sends confusing message, some experts say
The Social Security Administration says most won’t pay federal income taxes on their benefits. But Congress didn’t directly ...
Experts warn Senate tax bill accelerates Medicare and Social Security insolvency dates
An analysis by CRFB finds the Senate's One Big Beautiful Bill Act would hasten Social Security and Medicare trust fund ...
Social Security Administration sends misleading email lauding Trump's new tax cuts law
The emails say nearly 9 in 10 Social Security beneficiaries won’t pay income taxes on their benefits in the future. But the ...
Trump’s ‘big, beautiful’ tax bill clears Senate after GOP rebellion forces Vance tiebreaker
The "One Big Beautiful Bill Act," which advances Trump’s second-term priorities on tax cuts, energy, and the border, now heads back to the GOP-led House.