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News

the Big Beautiful Bill Provides a 'Senior Bonus'

The Washington Post on MSN · 7h
Social Security letter on taxes sends confusing message, some experts say
The Social Security Administration says most won’t pay federal income taxes on their benefits. But Congress didn’t directly exempt those payments from taxes.
NBC New York · 4d
Republicans' ‘big beautiful' bill touts tax help for seniors on Social Security. How it would work
President Donald Trump has pitched no taxes on Social Security benefits. Republicans’ “big beautiful” bill includes a provision to help offset those levies.
CBS News on MSN · 1d
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 in at the end of 2028.
Truthout
1d
Social Security Chief Celebrates Budget Bill That Could Slash Program’s Finances
The bill will accelerate depletion of Social Security and Medicare’s trust funds by a year, according to an analysis.
9h
Democrats hope Republicans just sealed their midterm election fates by voting for Trump’s ‘beautiful’ bill
As the House moved to pass the GOP's marquee bill, Democrats began testing out the attacks they hope will win them back ...

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