Trump's Big Beautiful Tax Bill
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The budget includes a deduction for taxpayers over age 65, starting in 2025. But it would benefit fewer than half of older adults, the Tax Policy Center estimates.
Recent claims about the elimination of federal taxes on Social Security benefits have caused confusion among American beneficiaries. Despite assertions from the Social Security Administration and President Trump,
Many Americans received an email from the Social Security Administration applauding the megabill's passage. Experts say it was misleading.
Big changes are happening with Social Security, and you have questions. My recent columns drew thousands of comments, largely centered on three big themes: fear of delayed checks and crumbling ...
Senator Marshall stated, "By cutting taxes on Social Security, this bill will ensure America's seniors can keep more of their hard-earned money and fix a fundamental flaw in our tax system." What ...
Levine emphasized a crucial point: if Social Security is the sole income source and it's limited to $26,000 or $27,000 annually, the recipient will likely owe $0 in income tax.
I'm now in my 70s, and all of my income is tax free, and I have no required minimum distributions each year. My retired friends who started Social Security at 62, are all struggling to make ends meet.