Social Security, Tax Elimination
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While more seniors will get a tax break, the message itself is confusing and could mislead Social Security recipients, some experts said.
Consider Social Security. 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 ...
Per the same White House statement, 64% of seniors aged 65 and older who are collecting Social Security are already exempt from having their benefits taxed, due to various exemptions and deductions.