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No Tax on Social Security Is a Reality in President Trump's Big Beautiful Bill, Says the White House. Here's What It Actually Means for Retirees.
President Trump vowed to end taxes on Social Security, but the One Big Beautiful Bill stops short of fulfilling that promise.
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PolitiFact answers reader questions about the Big Beautiful Bill
As a candidate, Trump promised to lift taxes on overtime. The new law allows workers to deduct up to $12,500 in overtime compensation (for single filers) or $25,000 (for joint filers). This deduction phases out for income levels between $150,000 and $275,000 (for single filers) and $300,000 and $550,000 (for joint filers).
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The Reality Behind the 'Big Beautiful Bill': Social Security Tax Relief Explained
The 'Big Beautiful Bill' signed by President Trump promised to eliminate taxes on Social Security benefits. However, the reality is more nuanced, offering significant tax relief but not a complete elimination.
What does the Big Beautiful Bill mean for your Social Security benefits?
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.
President Donald Trump's big bill cuts taxes for many seniors, but won't eliminate them on Social Security
Trump promised to eliminate the tax on Social Security benefits in his 2024 campaign, but the bill instead adds a new deduction.
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