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Social Security, beautiful bill and tax foundation

Congress passed no tax on tips in Trump's 'big, beautiful bill.' Here's how it works

Congress passed the tax cut and spending megabill with President Trump's legislative priorities which includes new tax exemptions for tipped hourly workers. But how will it work?

CBS News on MSN · 2d

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 Washington Post on MSN · 2d

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.

Soy Nómada on MSN19m

IRS cuts will affect tax season in 2026

The IRS faces a challenging 2026 tax season due to significant staff reductions. Experts warn that these cuts could severely ...

The Southern Maryland Chronicle on MSN1h

New Law Ends Benefit Taxes for Most Seniors

The Social Security Administration (SSA) announced the passage of the One Big, Beautiful Bill on July 7, 2025, a landmark law ...

Explícame on MSN13h

How You Should Report Tax-Exempt Tip Income to the IRS under the New Tax Plan

The 'One Big Beautiful Bill Act' (OBBBA), signed by President Trump on July 4, 2025, introduces a groundbreaking change for ...

2hon MSN

How does no tax on tips, overtime work? What to know about today your tax refund

For a worker making $40,000 or less, standard deductions often already wipe out federal tax obligations. But for someone in the $50,000 to $100,000 range, shielding $12,500 in overtime or $25,000 in ...

Don't expect a speedy tax refund in 2026 from an understaffed IRS

The IRS lost 26% of its 102,000-person workforce to layoffs and buyouts this year through early June, amid a larger effort by ...

MiBolsilloColombia on MSN19h

From Taxes to Student Loans: A Detailed Analysis of the Federal Spending Bill

President Donald Trump has introduced a massive legislation, known as the 'Great and Beautiful Law,' aiming to consolidate ...

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