Social Security income tax deduction faces a growing threat

The deduction could help senior couples, but it's facing some obstacles.

May 28, 2025 - 19:36
 0
Social Security income tax deduction faces a growing threat

As the Trump administration pushes its "One Big Beautiful" bill along in its journey from the House to the Senate, it's attracted quite a bit of scrutiny.

The legislation covers a wide range of issues: ending taxes on tips and overtime pay, extending and expanding existing tax cuts, increasing the child tax credit, barring Medicaid from funding Planned Parenthood and more.