Social Security Under New “Big Beautiful” Tax Provision
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Roughly 400,000 Utah retirees are expected to gain from a new federal tax deduction that eliminates Social Security income taxes for most recipients starting in 2026. The One Big Beautiful
Trump's flagship tax and spending law is expected to have a material (and adverse) impact on America's leading retirement program.
As Social Security can be a big part of seniors' income, that deduction could make part of those benefits tax-exempt. But the break won't be universal to all beneficiaries.
Roughly 1.1 million Wisconsin retirees are set to benefit from a new federal deduction that phases out taxes on most Social Security income starting in 2026. The One Big Beautiful Bill
President Trump campaigned with the promise to end taxes on Social Security. The One, Big, Beautiful Bill (OBBB) is Trump’s cornerstone piece of legislation aimed at making that promise a reality.
The White House issued a statement on July 1 saying that "Under the One Big Beautiful Bill, the vast majority of senior citizens — 88% of all seniors who receive Social Security — will pay NO ...
Key Points The One, Big, Beautiful Bill is now law, and it includes changes to Social Security. Older adults are set to receive a large tax break, saving many seniors thousands of dollars per year.
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