Friday, July 4, 2025

Social Security Applauds Passage of Legislation Providing Historic Tax Relief for Seniors

Social Security Applauds Passage of Legislation Providing Historic Tax Relief for Seniors

Article Excerpt: "The Social Security Administration (SSA) is celebrating the passage of the One Big, Beautiful Bill...The bill ensures that nearly 90% of Social Security beneficiaries will no longer pay federal income taxes on their benefits...Additionally, it provides an enhanced deduction for taxpayers aged 65 and older, ensuring that retirees can keep more of what they have earned."



Resource: blog.ssa.gov

90% of Social Security beneficiaries will no longer pay federal income taxes on their benefits