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News

Social Security, tax credit and spending bill

The Washington Post on MSN · 1h
Social Security letter on taxes sends confusing message, some experts say
The Social Security Administration says most won’t pay federal income taxes on their benefits. But Congress didn’t directly exempt those payments from taxes.
CBS News on MSN · 1d
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 in at the end of 2028.
Forbes on MSN · 1d
Trump Claims Bill ‘Eliminates’ Taxes On Social Security — Here’s Why That’s False
The Social Security Administration reportedly sent out an email claiming the policy bill “eliminates federal income taxes on Social Security benefits for most beneficiaries”—but that’s not true.
Explícame on MSN2d
White House says Trump Tax Bill will benefit 33.9 million seniors; but does not eliminate Social Security taxes
The White House claims that 33.9 million seniors will earn $670 on average with the $6,000 deduction, but it does not ...
2d
GOP tax bill includes a $6,000 ‘senior deduction.’ Here’s who qualifies.
The provision emerged from President Donald Trump’s campaign pledge to end taxes on Social Security. But experts say many are ...

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