The White House
Under the One Big Beautiful Bill, the vast majority of senior citizens - 88% of all seniors who receive Social Security - will pay NO TAX on their Social Security benefits, according to a brand new analysis from the Council of Economic Advisers.
- A senior who files as a single taxpayer and receives the current average retirement benefit (approx. $24,000) will see deductions that exceed their taxable Social Security income.
- Married seniors who both receive the average $24,000 Social Security income - a total of $48,000 in annual income - will also see deductions that exceed their taxable Social Security income.
This amounts to the largest tax break in history for America's seniors - and makes sure that after years of earning their Social Security, seniors can save more of their money.
Promises made, promises kept.
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