According to Gay, the law adds a $6,000 tax deduction for anyone 65 or older, regardless of whether they receive Social Security benefits. That's a key difference from the messaging around the bill.

President Donald Trump signed the Republican megabill dubbed the "Big Beautiful Bill" into law on the Fourth of July in a White House signing ceremony complete with a flyover from military planes.

The 'One Big Beautiful Bill' has stirred debates over its impact on Social Security benefits. Despite promises to eliminate ...

New $6,000 senior deduction cuts Social Security taxes for 88% of seniors, but speeds trust fund insolvency. SSA’s claims ...

While the bill does not outright eliminate Social Security taxes, as Trump had previously promised, it will indirectly eliminate them for the large majority of Social Security retirees. In fact, over ...

Multiple polls have underscored the negative impact the bill may have on Republicans, potentially putting their House and ...

The sprawling budget bill signed into law by President Donald J. Trump on July 4 after it squeaked through Congress has many ...

The Social Security Administration is celebrating the passage of the One Big, Beautiful Bill, a landmark piece of legislation that delivers long-awaited tax relief to millions of older Americans. The ...

The Trump administration is expected to announce new trade actions and Pete Hegseth and Benjamin Netanyahu meet ...

On Capitol Hill, Trump works to persuade divided GOP to unify around his 'big, beautiful bill' BY Maddie Gannon, Susan Carpenter and Associated Press Washington, D.C. UPDATED 4:36 PM ET May. 20, 2025 ...

If Trump deports at least 10% of undocumented immigrants a year, Social Security funds are expected to be depleted six months ...