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.1h
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 to cut checks in half to recoup overpayments this month
The SSA paid nearly $72 billion in improper payments between fiscal years 2015 and 2022, the agency's Office of the Inspector General concluded in a report.