No Tax On Social Security

No Tax On Social Security

July 08, 20251 min read
  • Credit- White House. Follow Link below

Under the One Big Beautiful Bill, the vast majority of senior citizens — 88% of all seniors who receive Social Security — will pay NO TAX on their Social Security benefits, according to a brand new analysis from the Council of Economic Advisers.

 

A senior who files as a single taxpayer and receives the current average retirement benefit (approx. $24,000) will see deductions that exceed their taxable Social Security income.

  • Married seniors who both receive the average $24,000 Social Security income — a total of $48,000 in annual income — will also see deductions that exceed their taxable Social Security income. This amounts to the largest tax break in history for America’s seniors — and makes sure that after years of earning their Social Security, seniors can save more of their money.

 

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