How the One Big Beautiful Bill Act Changes Taxation of Social Security Benefits for Retirees
The Social Security Administration sent an email that made millions of retirees do a double-take. "The new law includes a provision that eliminates federal income taxes on Social Security benefits for most beneficiaries," it proclaimed, announcing the passage of the One Big Beautiful Bill Act. Seniors across the country started celebrating what seemed like the end of Social Security taxation. But the bill doesn't actually eliminate taxes on Social Security benefits...
