Trump's Big Beautiful Tax Bill
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The consolation prize retirees received from the One Big Beautiful Bill is arguably a bigger win than ending the tax on benefits.
President Trump has been boasting that his One Big Beautiful Bill (OBBB) eliminated income taxes on Social Security. But did it? The answer is,
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MeidasTouch News on MSNWhite House Tweet on Social Security Hit With Community NoteThe official White House Twitter account is facing scrutiny after posting a message claiming “No tax on Social Security!” while it promoted the so-called “One Big Beautiful Bill” ahead of the final House vote. The tweet, featuring an image of Trump speaking with supporters, asserts that the bill would eliminate taxes on Social Security benefits.
The Social Security Administration says most won’t pay federal income taxes on their benefits. But Congress didn’t directly exempt those payments from taxes.