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News

Social Security, tax credit and spending bill

Star Tribune · 59m
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 · 19h
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 · 20h
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.
4don MSN
Trump Said ‘No Tax on Social Security.’ The Tax Bill Comes Closer to It.
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 ...
3don MSN
Experts warn Senate tax bill accelerates Medicare and Social Security insolvency dates
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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