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Social Security No Taxes Message on Trump Bill Raises Eyebrows

UNITED STATES, JUN 30 – The bill offers a temporary tax deduction for seniors 65 and older, benefiting nearly 90% of Social Security recipients but not fully eliminating taxes on their benefits.

  • On July 4, President Donald Trump claimed the bill eliminated taxes on Social Security benefits, but the law only provides a temporary $6,000 deduction for seniors from 2025–2028.
  • Trump's campaign promise to eliminate taxes on Social Security benefits was blocked by the Byrd Rule, leading to a temporary $6,000 deduction for seniors from 2025–2028.
  • White House analysis shows the deduction increases non-taxable beneficiaries from 64% to 88%, saving $30 billion annually and boosting seniors' after-tax income by an average of $670.
  • CRFB analysis states the deduction accelerates trust fund depletion by one year to 2032, deepening benefit cuts by about 1%, as critics call emails 'unconscionable' and misleading.
  • In the long term, Penn Wharton estimates the bill could reduce revenues by $1.5 trillion over 10 years, increasing debt and hastening trust fund depletion by 2032, raising concerns about Social Security's solvency.
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What Trump's One Big Beautiful Bill Act means for taxes on Social Security

Many Americans received an email from the Social Security Administration applauding the megabill's passage. Experts say it was misleading.

·Washington, United States
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PolitiFact broke the news in Saint Petersburg, United States on Monday, June 30, 2025.
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