Thursday, May 22, 2025

Why there's no tax break for Social Security benefits in the new tax bill

Article Title: Why there's no tax break for Social Security benefits in the new tax bill
Snippet of Article: "..."Seniors should not pay taxes on Social Security and they won't," Mr. Trump said while during an August campaign rally in Harrisburg, Pennsylvania.

A provision to eliminate taxes on Social Security isn't included in President Trump's domestic policy bill that passed early Thursday following a dramatic all-night session. ..."


Source: www.yahoo.com

[tag] Big Beautiful Tax Bill Passes But Excludes Promise to Seniors, No Taxes on Social Security Vote Getting Lie,Destruction of Retirees, Trump vowed to eliminate federal taxes on Social Security benefits, [/tag]