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Will Income Tax on Social Security be eliminated? - AMAC Foundation
This, of course, is a burning question on the mind of many who collect Social Security, because it would mean financial relief for nearly all those collecting. Under current law, a portion of one’s Social Security benefits are taxed, if their combined income from all sources (on their income tax return) exceeds $25,000 as a single IRS filer, or $32,000 as a married couple filing jointly. President Trump suggested eliminating income tax on Social Security during his campaign, but Congressional legislation to accomplish that commitment has not yet been offered. And we might ask why?
Well, it turns out that accomplishing that goal is not as simple as passing a “continuing resolution” as is currently being sought with the so-called “one big beautiful bill.” Indeed, eliminating income tax on Social Security benefits will require specific legislation to change the Social Security Act, and that is a somewhat more complex issue, as recently discussed in this AMAC Foundation article.
Also, if you have questions about this, or about your individual situation under Social Security, note that the AMAC Foundation provides a free-to-the-public advisory service to help Americans navigate the complexities of this program. All questions are answered quickly, at no charge. Learn more about it here…