Latest News
The Big Beautiful Bill Did Not End the Taxation of Social Security - Yahoo/Finance
The taxation of Social Security benefits has not ended; however, you may see your taxes reduced. According to Social Security, an average of 56% of Social Security beneficiaries currently pay taxes on a portion of their Social Security benefits. As a result of the “Big Beautiful Bill”, if you are 65 or older, you will receive an additional $6.000 non-refundable deduction. You will receive the additional deduction regardless of whether or not you are receiving Social Security. To read the full article by Josephine Nesbit, click here …
This posting is presented for informational purposes only and does not represent legal or financial guidance. Any opinions or interpretations presented are either those of the original author or, in the case of articles authored by the AMAC Foundation, are the opinions of AMAC Foundation staff, originally trained and accredited by the National Social Security Association (NSSA) and certified via the AMAC Foundation. Any links included in the article are valid on the posted date; socialsecurityreport.org cannot guarantee the duration of the links’ validity. NSSA and the AMAC Foundation and its staff are not affiliated with or endorsed by the Social Security Administration or any other governmental entity. To submit a question, visit our website (https://amacfoundation.org/services/) or email us at ssadvisor@amacfoundation.org. Because we are a non-profit organization, there is no charge for these services.