Social Security, Beautiful Bill
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Many Americans received an email from the Social Security Administration applauding the megabill's passage. Experts say it was misleading.
The One Big Beautiful Bill, signed into law by President Trump, delivers what many retirees have long awaited: significant tax relief on Social Security benefits. Described as a cornerstone of his campaign promises, this legislation reshapes the financial landscape for seniors, offering them greater security and breathing room.
The Social Security Administration sent a misleading email to benefit recipients and other Americans last week about the Republican budget bill that was recently signed into law by President Donald Trump. Advocates are now trying to correct the record to ensure beneficiaries know how the legislation could affect their tax bill.
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Soy Aire on MSNThe 'One Big Beautiful Bill': Implications for Social Security and SeniorsThe 'One Big Beautiful Bill' has stirred debates over its impact on Social Security benefits. Despite promises to eliminate taxes on these benefits, the current legislation falls short. Instead, it introduces a temporary 'senior bonus' deduction,
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Trump says the "Big Beautiful Bill" eliminates taxes on Social Security benefits. However, the bill's text shows that's not quite the case.
During his campaign, Trump promised to eliminate federal taxes on Social Security benefits. While that measure was cut from the final bill, the majority of seniors are still set to receive a tax break.
If you are one of the more than 60 million people who receive Social Security benefits, you may have received an interesting message last week. That’s because the Social Security Administration (SSA) reportedly sent an email to millions of beneficiaries stating that the newly enacted “One Big Beautiful Bill” (OBBB) would “eliminate federal income taxes on Social Security benefits for most beneficiaries.
One of the marquee promises of President Donald Trump's One Big Beautiful Bill Act (OBBBA) was the elimination of taxes on Social Security benefits. But as analysts scrutinize the