A new tax break aimed at seniors may lighten the load on retirees’ Social Security income, but it’s not as sweeping or permanent as some headlines suggest. Tucked inside the “One Big Beautiful Bill,” signed into law by President Donald Trump on July 4,

However, the latest report by the Social Security Trustees makes it abundantly clear that benefit cuts may soon be on the table. In the coming years, Social Security won't collect enough payroll tax revenue to keep up with its financial obligations due to a shrinking workforce.

Many Americans received an email from the Social Security Administration applauding the megabill's passage. Experts say it was misleading.

Trump promised to eliminate the tax on Social Security benefits in his 2024 campaign, but the bill instead adds a new deduction.

The 'Big Beautiful Bill' signed by President Trump promised to eliminate taxes on Social Security benefits. However, the reality is more nuanced, offering significant tax relief but not a complete elimination.

Every dollar saved on taxes over the new few years could help offset the impact of the numerous safety-net cuts.

The promise to eliminate taxes on Social Security benefits has been a hot topic among retirees and future retirees. Recent legislation, the 'Big Beautiful Bill,' signed by President Trump, seemed to fulfill this promise.