US Edition
Seniors get a tax break in Trump’s megabill, but many will still pay taxes on Social Security benefits. Here’s the real deal
UNITED STATES, JUL 13 – The new tax law gives seniors an extra $6,000 deduction from 2025 to 2028 but leaves Social Security benefits taxable for many, affecting about 40% of recipients, experts say.
- Congress approved President Trump's tax and spending package in early July, which includes a tax break for seniors over 65 from 2025 to 2028.
- The legislation adheres to GOP procedural rules, which prevented removing taxes on Social Security income, despite claims from the administration that the bill achieved this outcome.
- The bill provides seniors an extra $6,000 deduction phased out above $75,000 for singles and $150,000 for couples.
- According to an analysis by the Urban-Brookings Tax Policy Center, the enhanced deduction benefits less than 50% of seniors, with most of the modest tax relief going to those in the upper-middle-income bracket.
- The deduction reduces taxes owed by about two million fewer households, but most seniors will still pay some tax on benefits, and confusion raises risks of scams.
53 Articles
53 Articles
Dueling letters, contradictions, a man confused: There's 'chaos' at Social Security, says national expert
These past few months have been a confusing time for many people who receive Social Security payments. Lots of changes in policies and now a new national tax and spending plan have kept recipients guessing. A man in Strongsville got contradicting letters from SSA and called News 5 Investigators for help.Mel Davis, 72, had to pore over his recent letters from Social Security. That didnt add up, didnt add up, he said.THE DUELING LETTERSHe told us …
How you receive your Social Security, VA benefits may change in fall
(NEXSTAR) — There have been several changes to government benefit payments already this year, including increased checks for some and clawbacks for outstanding overpayments for others. In about two months, another change is expected to take effect — this one targeting how beneficiaries are paid. Social Security payment change Back in March, President Donald Trump signed an executive order to modernize “payments to and from America’s bank account…
Megabills didn’t break the economy before and won’t now
Opinions of the One Big Beautiful Bill tend toward the extreme. One of its main authors calls it “the greatest piece of Republican legislation in a generation,” while one of its most authoritative critics says it makes him ashamed to…
Detroit Free Press
Taxes on Social Security benefits were not eliminated despite what you've heard
Experts say retiree Social Security is still taxable and you'll need to read the fine print to understand your situation and what you should withhold.
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