President Donald Trump has touted "no tax on Social Security" with the addition of a new senior deduction. Some states still apply levies to benefit income.
The No Tax on Restored Benefits Act would offer a gross income tax exclusion for retroactive Social Security benefits.
Most states don’t tax Social Security, but rules vary in the 8 that do. Get up-to-date exemptions, thresholds and new ...
Most states don't tax Social Security benefits, but a handful still do in 2026. See if your state is on the list and how to ...
Do You Need to Pay Taxes on Social Security? Maybe. Here's How to Figure It Out ...
The new $6,000 deduction goes into effect for the 2025 tax year and will continue through 2028 for those aged 65 and older.
Public sector workers getting restored benefits under last year's Social Security Fairness Act would be spared a tax bill on those benefits under new legislation.
Make sure these changes are on your radar.
While the increased tax savings will feel good for now, it could affect the future of Social Security benefits.
There are three boxes you need to check before you apply. And you'll have to put in some real work to pull this off.