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News

Social Security, tax deduction

NBC New York · 5h
What does the new Social Security tax deduction mean for seniors over 65?
President Trump's "big, beautiful bill" included a "senior bonus," a new temporary tax deduction for Americans over 65.
Forbes on MSN · 2d
Trump Claims Bill ‘Eliminates’ Taxes On Social Security — Here’s Why That’s False
The Social Security Administration reportedly sent out an email claiming the policy bill “eliminates federal income taxes on Social Security benefits for most beneficiaries”—but that’s not true.
CBS News on MSN · 2d
Does the "big, beautiful bill" eliminate taxes on Social Security?
What the bill does do is provide a temporary tax deduction of up to $6,000 for seniors aged 65 and older. The tax break is available to people with an adjusted gross incomes of $75,000 or less and $150,000 or less for couples filing jointly. The deduction is set to expire at the end of 2028.
3don MSN
Social Security’s Bisignano Hails US Tax Bill as ‘Historic Step’
Social Security Commissioner Frank Bisignano lauded the $3.4 trillion fiscal tax package bill passed by the US House this ...
3don MSN
How Might Social Security Privatization Impact the Stock Market?
A sudden influx of cash pouring into the stock market is likely to drive up prices. The market may feel a little topsy-turvy ...

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