No Taxes On Tips, Overtime, And Social Security? Not Exactly

The new Republican fiscal plan excludes Trump's promised elimination of Social Security taxes: what does this mean for retirees?

Social Security beneficiaries get 'bonus' in budget bill, not blanket tax removal

For months, President Donald Trump has made his plan for no taxes on Social Security benefits known to the public, both on the campaign trail and in office. Now, a budget bill, backed by the president and currently under consideration in the House, contains language about a “bonus." The bonus is a tax deduction for seniors. Currently, about 74 million people are on Social Security, according to the Social Security Administration, and nearly 57 m…

'A sop to older voters': Trump's broken Social Security promise panned by analyst

President Donald Trump made big promises to Social Security recipients, and now his latest proposal is an acknowledgement that he wrote a check he can't cash, wrote Ryan Teague Beckwith for MSNBC.Trump's "big, beautiful bill" combining tax cuts with energy deregulation and border security, which already appears to be in trouble as Republicans from every faction voice objections, includes a so-called "senior bonus" that gives people over 65 who d…

What is Trump's 'One Big Beautiful Bill'? Details include no tax on tips, overtime, more

The pressure is on to pass Trump's 'big beautiful bill.' What to know about reconciliation bill details: no tax on tips, overtime or Social Security.

GOP Tax Bill Breaks Trump's Social Security Tax Pledge, Still Hits 25 Million Seniors While Elon Musk's Stock Wealth Skirts FICA

Rep. Larson questioned the Joint Committee on Taxation Chief of Staff about the new Republican tax bill and its impact on Social Security taxes, showing that it may not fulfill President Trump's promise of no taxes on Social Security.

No Taxes On Tips, Overtime, And Social Security? Not Exactly

Not all the Trump promises to cut tax on tips, overtime and Social Security made it into the proposed tax bill—and those provisions that did make it in are temporary.