What Happened to No Tax on Social Security Benefits?
During his presidential campaign, Donald Trump made a number of promises related to taxes. He pledged to eliminate taxes on tips, overtime, and Social Security, and make car loan interest tax deductible. After he returned to the White House, Trump continued to say that there will be “no tax on Social Security benefits for seniors.”
In the One Big Beautiful Bill Act (OBBBA) that President Trump signed into law on July 4, for tax years 2025 through 2028, qualified tips up to $25,000 are tax deduct...
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