Will the standard deduction increase cut taxes on Social Security benefits? For context, the estimated average monthly Social Security retirement benefit in January 2025 was $1,97

The One Big Beautiful Bill is a massive proposed tax and spending package loaded with initiatives that align with Trump’s agenda. As it’s currently written, the bill includes major changes to Medicaid, food stamps, border security, taxes and more that have the potential to affect millions of Americans.

Major Social Security changes under President Trump include raising the retirement age, taxing more income, and reshaping benefits. Here's what it means for Americans.

Additionally, President Trump last month pushed Congress to approve a "big, beautiful" tax and spending bill that fulfills several other campaign promises. "In the coming weeks and months, we will pass the largest tax cuts in American history -- and that will include no tax on tips, no tax on Social Security, and no tax on overtime," he said.

House Republicans have included a proposal in their tax bill to provide a $4,000 deduction for individuals ages 65 and up. Here’s what it may mean for retirees.

Donald Trump’s latest Social Security proposal includes raising the full retirement age and breaking past promises not to touch the program. Here’s what it means for future retirees.

The changes impact about 2.8 million retired teachers, firefighters, police officers and some federal workers who receive a public pension that didn't withhold social security tax.

During his campaign, Trump promised to eliminate taxes on Social Security benefits for seniors. However, the current Republican fiscal proposal tells a different story, offering a modest $4,000 tax deduction instead.