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Does the "big, beautiful bill" eliminate taxes on Social Security?
What the bill does do is provide a temporary tax deduction of up to $6,000 for seniors aged 65 and older. The tax break is available to people with an adjusted gross incomes of $75,000 or less and $150,000 or less for couples filing jointly. The deduction is set to expire at the end of 2028.
The tax savings for a married couple with $100,000 of income could be about $1,600 a year under the Senate plan. It amounts ...
17hon MSNOpinion
When Americans can no longer trust the information it receives from the Social Security Administration, there's a problem.
An analysis by CRFB finds the Senate's One Big Beautiful Bill Act would hasten Social Security and Medicare trust fund ...
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