Trump's 'Big, Beautiful Bill' impact social security
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The annual cost-of-living-adjustment isn't keeping up with inflation, according to The Senior Citizens League advocacy group.
President Trump vowed to end taxes on Social Security, but the One Big Beautiful Bill stops short of fulfilling that promise.
NORTH CAROLINA, USA — President Donald Trump’s recently signed “Big Beautiful Bill” includes significant tax changes aimed at benefiting seniors, particularly those receiving Social Security. A recent inquiry from viewer Bob L. questioned the authenticity of an email from the Social Security Administration referencing tax relief under the new law.
An email from the agency praised the bill, but only some recipients will see savings. Here's what the legislation means for seniors.
Trump promised to eliminate the tax on Social Security benefits in his 2024 campaign, but the bill instead adds a new deduction.