Social Security Tax

Important Social Security Tax Relief Proposal Clears Washington — What You Should Know?

A new tax relief proposal called the "One Big Beautiful Bill" has passed the House and includes a $4,000 deduction for Americans aged 65+. Seniors earning up to $75,000 (or $150,000 jointly) could see reduced Social Security tax burdens from 2025 through 2028. While not a full repeal, it could save eligible seniors around $480/year. The bill now heads to the Senate. Learn more at congress.gov.