Republican-backed legislation now winding its way through the House includes a number of tax breaks promised by President Trump during the campaign, such as eliminating taxes on worker tips and overtime pay,

Despite promises to eliminate taxes on Social Security, benefits remain taxable in 2025 due to legislative and budget constraints.

But don't assume you'll get to collect those monthly Social Security checks tax-free. There's a good chance you'll end up having to pay taxes on your Social Security benefits in retirement, especially if you're still many years away from being able to file. Here's why.