As Congress was approving President Trump's "big, beautiful bill" on Thursday, the Social Security Administration touted the legislation by stating that it "eliminates federal income taxes on ...

The "big beautiful bill" includes a $6,000 additional deduction for certain older Americans ages 65 and over. However, the legislation does not end federal income taxes on Social Security benefits.

The White House issued a statement on July 1 saying that "Under the One Big Beautiful Bill, the vast majority of senior citizens — 88% of all seniors who receive Social Security — will pay NO ...

Key Points The One, Big, Beautiful Bill is now law, and it includes changes to Social Security.Older adults are set to receive a large tax break, saving many seniors thousands of dollars per year ...

Many people, such as President Donald Trump and many members of Congress, are excited about what they refer to as the "Big Beautiful Bill." Others are not happy at all. Part of the problem is that ...