Taxes on Social Security
Are you 65 or older? There is a new tax break for you on your 2025 Tax Return.
Your Social Security Benefits may still be taxable on your 2025 tax return. However, there is a new $6,000 additional standard deduction available to people 65 or older, which was included in the Big Beautiful Bill. You may claim this…
Making the Most of the New 65 Plus Tax Break
The President was unable to keep his campaign promise to end taxation of Social Security benefits, as it never advanced in Congress, but many seniors 65 and over are still going to receive a new tax break. As a result…
The nuts and bolts of the new tax deduction
When President Trump signed the One Big Beautiful Bill Act in July 2025, many seniors thought they would not have to pay taxes on their Social Security benefits; unfortunately, it did not eliminate taxes on Social Security benefits. However, for…
Your Social Security Benefits May Still Be Taxable
If you plan on working after starting your Social Security benefits, your earnings will still be subject to payroll taxes. It doesn’t matter if you start receiving benefits before or after your full retirement age (FRA); you will continue to…
Taxation of Social Security Benefits
Even though the Big Beautiful Bill includes an additional $6.000 deduction for seniors 65 or older, it did not eliminate the taxation of Social Security benefits. Depending on your income, you may still have to pay taxes on a portion…
Taxation of Social Security Benefits
“How can I avoid having my Social Security benefits taxed?” That is a question we are regularly asked here at the AMAC Foundation’s Social Security Advisory Service. And the unfortunate answer for many who ask is that “you cannot!” As the old…
Why the Big Beautiful Bill did not eliminate taxes on Social Security
The Big Beautiful Bill—a nickname often used by President Donald Trump to refer to legislation he champions—did not eliminate Social Security taxes due to the Byrd rule. The Byrd Rule is a Senate rule that limits what can be included…
Why is there a “Senior Bonus” in the Big Beautiful Bill” instead of “no tax on Social Security”?
This is a question on the mind of many Seniors. While it will provide some tax relief to low and middle income seniors, it is not the elimination of tax on Social Security that we had hoped for. Kevin Stocklin…
Discussion of $4000.00 tax deduction included in “Big Beautiful Bill”
Republicans are using the budget reconciliation process to pass the bill. This lowers the Senate’s threshold for passage from 60 votes to 51 for some fiscal legislation. Supposedly, the reconciliation process forbids direct changes to Social Security; consequently, there’s quite…
Does Trump’s Plan to end Taxes on Social Security Benefits Make Sense?
Income taxes paid on Social Security benefits are an important source of revenue for the Social Security Trust Fund. As much as President Trump would like to alleviate this burden on Social Security recipients, Social Security can not afford to…