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A new tax break could boost seniors’ standard deduction by $4,000, but income limits and a 2028 expiration raise concerns about its long-term impact.
Expiration of the rule in 2026 Come 2026, the landscape changes. The expiration of the Special Earnings Rule means deductions from your Social Security benefits will rely solely on the annual ...
The White House says the One Big Beautiful Bill Act got rid of taxes on Social Security; finance experts disagree.
The One Big Beautiful Bill Act will ensure that almost 90 percent of Social Security recipients will no longer be required to pay income taxes on their benefits, according to the SSA.
The decrease was not driven by Americans earning less, but was instead attributed to a reduction in Social Security payments.
The American Action Network released an ad in 28 congressional districts, criticizing Democrats who voted against the bill. "A tax cut for Social Security recipients, eliminating taxes on tips and ...