Trump, Social Security and beautiful bill
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The One Big Beautiful Bill targets middle-income seniors, offering timely relief in a state with rising property taxes and insurance costs.
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Soy Aire on MSNTax Savings: The One Big Beautiful Bill Act's Impact on Your Finances
Starting in 2025, the One Big Beautiful Bill Act (OBBBA) introduces historic tax cuts, making key provisions from the 2017 Tax Cuts and Jobs Act permanent while adding new benefits. From enhanced deductions to expanded credits,
The One Big Beautiful Bill Act includes a $6,000 bonus deduction for those age 65 or older. The White House has announced the bill means “no tax on Social Security.”
However, it also includes a new requirement: to claim the credit, the taxpayer must include a valid Social Security number on their return, and for joint filers, at least one spouse must have a work-eligible SSN. Each qualifying child must also have a valid SSN.
WASHINGTON (TNND) — President Trump will speak on Thursday to mark the 90th anniversary of the Social Security Act.
Roughly 500,000 Kansas retirees are expected to benefit from a new federal deduction that exempts most Social Security income from taxes starting in 2026. The One Big Beautiful Bill
Before the 'One, Big, Beautiful Bill', approximately 46% of seniors receiving Social Security paid taxes on their benefits. With the new legislation, this figure drops dramatically to 12%.
President Trump defends Social Security program achievements amid Democratic criticism, highlighting zero taxes for most seniors and improved customer service
Social Security beneficiaries are expected to face a 24% cut in payments by late 2032 following the enactment of President Donald Trump’s One Big Beautiful Bill Act, according to new projections from a nonpartisan fiscal watchdog.
Roughly 2.1 million retirees in Ohio are expected to benefit from a new federal deduction that exempts most Social Security income from taxes starting in 2026. The One Big Beautiful Bill
Nine decades after the Social Security Act became law, President Donald Trump designated Thursday as the "90th Anniversary of the Social Security Act."