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Taxation of Social Security benefits--A confusing subject these days - Smart Money Minute
First, let’s clear up one misconception: Social Security benefits remain subject to income tax, despite the refrain that there is “no tax on Social Security.” The One Big Beautiful Bill Act of 2025 didn’t change that, but it did provide an additional offsetting deduction for eligible senior (age 65 and over) Social Security beneficiaries.
With that clarification in mind, it is still important to understand how various income sources can affect our ultimate liability at tax filing time. A Smart Money Minute post by writer/editor Marie White offers an explanation of how several forms of income factor into the taxation process. Check out her post here.
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