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News

GOP mega bill won't end Social Security taxes

Kiplinger on MSN · 10h
No Social Security Tax Cuts in Trump’s 'Big Bill'? What Retirees Need to Know
As the Republican-led Congress pushes forward with President Donald Trump’s landmark 2025 mega tax bill, you may have noticed that a key campaign promise is, so far, noticeably absent.During last year’s presidential campaign,
The Motley Fool on MSN · 15h
Would You Qualify for a Tax Cut Under Trump's "Big Beautiful Bill"?
President Trump repeatedly stated that he wanted to end Social Security benefit taxes, but that's not what the OBBB does. Instead, it adds a new $6,000 tax deduction for seniors ($12,000 for married couples) that they can claim on top of the standard deduction and existing senior deduction. Here's a closer look at how this adds up:
The New York Times · 2d
Trump Exaggerates His Agenda Bill’s Impact on Social Security Taxes
The bill creates a new deduction specifically for seniors 65 and over, which would relieve the tax burden on some 88% of them.
FingerLakes1.com
14h
“Big, Beautiful Bill” Delivers Tax Breaks For Some, Not All—Who Will Benefit?
President Trump’s sweeping bill includes a major Social Security tax break for older Americans, but leaves out the poorest ...
4d
Trump hits GOP senators who didn't back his tax, Medicaid bill: Senate vote live updates
The Senate began debating Trump's legislative priorities without knowing whether enough Republicans will vote to approve it.

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