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News

Social Security, income tax deduction

Newser on MSN · 8h
Social Security Tax Break Won't Affect Richest, Poorest Seniors
President Trump has promised that the "Big Beautiful Bill" approaching a final vote in the House will "eliminate" taxes on Social Security benefits—but while many seniors are set to get a tax break if the bill passes,
AOL · 2h
Tax break for seniors: Trump bill includes additional $6,000 deduction
The sweeping domestic policy bill that passed the House on Thursday will boost the standard deduction for senior citizens by $6,000 from 2025 through 2028.
HousingWire · 9h
Are seniors getting reduced Social Security or a tax break?
The 50% withholding of overpaid benefits is expected to begin with Social Security payments made on or around July 24, 2025.
FingerLakes1.com10h
“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 ...
24/7 Wall St.6h
These Seniors Are Left Out of The Big Beautiful Bill's Big Tax Break
When President Trump was running for office, one of the things he pledged to do was eliminate taxes on Social Security. There ...
8d
A bigger tax break could be ahead for many people 65 and older: How it could work
How some older adults could see federal income tax savings of $480 or more from a new senior "bonus" tax deduction, if it's ...

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