According to Gay, the law adds a $6,000 tax deduction for anyone 65 or older, regardless of whether they receive Social Security benefits. That's a key difference from the messaging around the bill.

President Donald Trump signed the Republican megabill dubbed the "Big Beautiful Bill" into law on the Fourth of July in a White House signing ceremony complete with a flyover from military planes.

New $6,000 senior deduction cuts Social Security taxes for 88% of seniors, but speeds trust fund insolvency. SSA’s claims ...

Multiple polls have underscored the negative impact the bill may have on Republicans, potentially putting their House and ...

The 'One Big Beautiful Bill' has stirred debates over its impact on Social Security benefits. Despite promises to eliminate ...

While the bill does not outright eliminate Social Security taxes, as Trump had previously promised, it will indirectly eliminate them for the large majority of Social Security retirees. In fact, over ...

Reforming Health Savings Accounts (HSAs) are one instance of the Big Beautiful Bill producing good and popular policy.

The sprawling budget bill signed into law by President Donald J. Trump on July 4 after it squeaked through Congress has many ...

The Social Security Administration is celebrating the passage of the One Big, Beautiful Bill, a landmark piece of legislation that delivers long-awaited tax relief to millions of older Americans. The ...

Trump’s “Big Beautiful” law offers a new deduction up to $6,000 for seniors. Getting it may not be so simple. There’s a major ...

If Trump deports at least 10% of undocumented immigrants a year, Social Security funds are expected to be depleted six months ...