“No tax on Social Security” not included in Trump’s “Big Beautiful Bill”
The Trump Administration wanted to end the taxation of Social Security benefits, but some House Republicans did not agree. Instead, the Bill includes a $4,000 tax deduction for those age 65 and older, a compromise intended to help low- to middle-income Seniors reduce their federal income tax liability. The Senior Citizens League supports the additional deduction, but reiterates that Social Security was not meant to be taxed and, even with this deduction, many seniors will still have a heavy tax burden. David Lightman with Merced Sun-Star for CPA Practice Advisor explains here…
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